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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Jerry Olson who wrote (48985)5/3/2004 4:39:35 PM
From: Michael Watkins  Read Replies (2) of 52237
 
My point is that there is no way to game it. There have been a great many that have tried, more fail than not. Trying to game it with new positions is directly akin to gambling.

I can't keep count of how many times our (I mean the whole community) guesses on what the FOMC will come out with have been spot on but price has done a 180 and surprised everyone. Its so unpredictable its predictable LOL

I won't lose any sleep carrying mostly cash into tomorrows meeting, that's for sure. ;-) The stuff I hold won't get whacked no matter what they have to say anyway.

On the positive side, the accelerating sell off in SOX related names might suggest exhaustion enough to power a decent bounce if the environment tomorrow supports one.

For those that stood aside from the train wreck in chips there might be a great short term trade opportunity ahead. Those that carried the pain all the way down may need to consider selling the bounce.
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