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To: r.edwards who wrote (1363)1/26/2000 9:15:00 PM
From: Eski  Respond to of 35685
 
Your right Ed, once the FED raises there little rates 1/4 point market will rally again. Seen this crap too many times
to know better.



To: r.edwards who wrote (1363)1/26/2000 9:19:00 PM
From: Voltaire  Read Replies (3) | Respond to of 35685
 
Yes, you could be right. The reason I feel this will take longer is because it will be deeper but mainly the Houses will need time to sell into the headfake strengths that they have basically been unable to do up until now. I just feel you will see a more concerted effort on the part of the Houses in this instance. This is why I am watching with great interest the NAZ futures because there is no reason for the Houses to allow them to stay around a minus 50 unless they are wanting to make a SCARE POINT. I realize that this type of stuff doesn't mean crap to anybody else but to me it is huge. We will see.

Thanks,

V



To: r.edwards who wrote (1363)1/26/2000 9:19:00 PM
From: jmac  Read Replies (2) | Respond to of 35685
 
I expect a hige rally after the Fed raises .25%. I think that will mark the end of the correction. Everything in this market is time compressed. What is 30% from 160? 112. I sure hope not but it is not that far away. There is really no way to hedge now. Puts, although not gaining very much by today's action are still pretty costly. Selling calls isn't much agood either. They zapped those real good today. Not much premium to sell. If you're long, you just have to sit this one out and wait for it to be over.