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Strategies & Market Trends : Tech Stock Options
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To: Stoctrash who wrote (43468)5/18/1998 7:54:00 PM
From: Patrick Slevin  Read Replies (3) of 58727
 
Well here is the neato plan, as conceived in my fertile yet always old paradigm mind.

First of all, most do not realize the FOMC does not announce until 2:15 or 2:30. So we have lots of time to prepare for the inevitable relief rally no matter what the Fed does.

Then, and only then, we sell the rally. No matter what they do it's bearish. We wait for the rally and as it slows down we wham and jam selling everything in sight.

Sound like a plan?
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