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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (2055)12/16/1999 11:13:00 AM
From: Matthew L. Jones  Read Replies (1) | Respond to of 19219
 
As Heinz and Peter (I think) have pointed out, its kind of hard to buck the money flow from the Fed. So everytime we let off a little steam, we resume this huge rally. I have no idea where it ends. I'm cash playing short little moves right now. On the one hand, I can't in good conscience go longterm long, but on the other hand, I would be broker than the ten commandments trying to go short. For now it is the age of the daytrader and the 1 minute charts.

Matt



To: J.T. who wrote (2055)12/16/1999 11:46:00 AM
From: Copeland  Read Replies (1) | Respond to of 19219
 
Matt, the mania lives on for now. But for how much longer? Thank Santa Claus for the rally.

I gave up playing stocks on the short side over these last few months; just way too hard in this mega-bull market. Indexes drop below various supports for two days and just when you think it's safe to short *WHAM* a rally.

I hate to say it, but the real safe plays might just be the commodity markets. LOL. ;)


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