TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (8834)	5/14/1999 9:05:00 PM
From: JACK R. SMITH JR.	Read Replies (1) of 59879

Trader, Ominous stuff today. I would be looking to raise some serious cash in the equities, be long the Swiss Franc, T -Bills, and gold in that order. Nothing wrong with daytrading the shorts, but I would hold no overnight positions here--Damn glad I was not long the S&P 500 overnight, whew!!! Opened down 25 full handles. This may not be the big one, but expect serious volatility and look to fade the rallies until the dust settles! I would be looking for a 1/2 point rate increase and certainly take extra caution in front of any FED reports. Regards to you and all here, Jack

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