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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (22793)	8/15/1999 8:17:00 PM
From: Clint E.	Read Replies (7) \| Respond to of 69800

A long post. One statement of value was: """"I will as always watch the market's reaction to critical levels and then base my longer term view based on those reactions."""" which brings me to your question of: """i also don't know how to even guess whether CPI has already been 'priced in'"""" That's how; when the market reaches a state of equilibrium and moves in the opposite direction of any additional negative news. I don't expect to see further rally on Monday. I expect to see softness. We could open up, head down later on, and then move back up. Friday's rally doesn't prove anything new. There were a lot of "misses" in my book. I think the best thing to do is stay away until Tues, morning. Perhaps the way I would play Tues. is: Neutral CPI ===> short the gap up. -ve CPI ===> short the gap down. +ve CPI ===> Needs to be looked at,