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Strategies & Market Trends : The Millennium Crash
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To: Staff who wrote (1801)12/19/1997 7:14:00 AM
From: GROUND ZERO™  Read Replies (1) of 5676
 
Hi Staff,

Thanks for your kind comment. Actually, I did close out almost all positions on yesterday's close, the weakness made it obvious that the recent lows will be violated and last night I was out party hopping so I didn't post. I'm not much of a drinker, but I ate like a pig. (-...-)

I'm keeping a few sleepers I'm playing with to keep the game interesting. If we don't get a reversal this afternoon, we'll likely test the October lows in the DOW and 1440 in the NAZ. But, first let's see if 7700-7750 holds it.

On currencies, I've noticed the very same phenomenon over the years. Intervention always seems to have the opposite effect, and that phenomenon is reliable enough to trade on.

I'll be boating most of today, so I'll miss the action. Have fun for me, willya?

All the best.

GZ
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