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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Sonki who wrote (8707)5/18/1998 7:56:00 PM
From: Chris  Read Replies (1) of 42787
 
interesting point on FOMC effects:

1) everyone knows fed will not raise rates..
2) if we see a relief rally, chances are, we will be selling into strength.

=========================

Talk : Puts/Calls : Tech Stock Options

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To: FredE (43469 )
From: Patrick Slevin Monday, May 18 1998 7:54PM ET
Reply # of 43472

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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