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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (6552)	10/16/1998 10:25:00 AM
From: Alan Smithee	Read Replies (2) of 44573

He may have made a wrong call this time but my respect for him--and I suspect most others who follow him--is not one iota less. Tom, I wouldn't even go so far as to Say that Don made a wrong call. He always stresses that news will skew the technicals. Although there was a rumor that the Fed would step in before the next FOMC meeting in November and lower rates, there is no way Don could have taken that into account in his read of the technicals. Don is nothing short of an amazing technician. BTW, Pat wasn't aware of the market move until I told him about it. He spent the day locked in a windowless room at the seminar he was attending. LOL.

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