SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Patrick Slevin who wrote (2624)8/27/1998 7:56:00 AM
From: Tom Trader  Read Replies (1) of 44573
 
>>Maybe, but don't say that to Tom. Unless he has already picked up his 45 point minimum by that point.<<

I know that you are probably not around but I am sitting here feeling that on the one hand I am correctly positioned given the market action so far--and on the other hand a tad ambivalent about coming out ahead amidst a melt-down of sorts that is occurring on the global markets. To think that one cannot draw out ones funds from the bank, worthless though it may be--as is happening in Russia--right now, is almost unnerving. In recent years, I have only heard of localized runs on banks--but to think that this is happening on a national level--reminds one of the chaos that reigned in Germany in the 20/30s. The repercussions of what is going on in Russia could be far more significant than market declines. Already reports that Yeltsin is being forced to resign and a return to a Communist style economy-- which should contribute to the chaos.

I must be in a overly pensive mood--normally when I am correctly positioned and the market does what it is doing, I tend to be euphoric!! Well give it another couple of hours and I'll probably be back to my normal self:)

I suspect that the stage is set for a break of the supports that have held so well on the SPX so far--absent a major reversal today, I suspect that this will happen today or more likely tomorrow.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News