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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Peter N Burrows who wrote (69101)10/14/1999 1:44:00 PM
From: Freedom Fighter  Respond to of 132070
 
Peter,

Actually is wasn't a prediction. It's dependent on the action for the rest of today and tomorrow. I've seen a few trading patterns that suggested that this week should be a good one "relative to the news". (key point is relative to the news). Those patterns would especially point to a very low probability of a bad day tomorrow. If we fizzle today and tomorrow, I expect worse next week. To be clear, I'm not doing any trading based on this insight. I just wouldn't be shocked if we rallied strongly either today or tomorrow. If we don't, I may take a position against the market for next week. Keep in mind, I'm a value guy. I may just add to a few hedges I now have in place.

Wayne