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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread
QQQ 611.67-1.9%Nov 6 4:00 PM EST

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To: Ken Adams who wrote (3681)6/21/2003 11:54:09 AM
From: MeDroogies  Read Replies (1) of 4058
 
Wow, ballsy.
I haven't traded (due to new job) in some time, but I've got a few positions I've been holding that I've taken a beating on (guess which side I chose). Still, I've been sitting tight. This market is wound tighter than a hairbun on a school marm. I can't imagine there's much upside left, for now.
However, economic info looks good (not great though), and if AG loosens rates a 1/4 point next week, things could really spring loose.

businesscycle.com

If AG lowers rates, I may have to take the plunge and shift my adjustable to a fixed rate mortgage. I can't see long term rates falling much more.
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