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To: James Strauss who wrote (6178)5/23/2000 3:28:00 PM
From: Bucky Katt  Read Replies (2) | Respond to of 13094
 
""I've never met an economist that was a successful trader.. : >"" OK, but
of course, that is why they aren't traders!!!<G>
But what he thinks is what I think, and I am a trader/investor and not an economist, so what does this mean?
Simple, he is a prof at Yale, and I take what he says seriously, as should all students of the markets.

As I said earlier today, ""As I said yesterday, the puts were getting overbought, which led to the rebound at the end of the day. Which made the index puts cheap again at the eod, and we have a repeat going on in the markets now. (indexs dumping)""

It is almost getting much too easy to figure which way the indexes are going to move....In other words, my system is working...day by day. Long weekend coming up, who is going to have the balls to hold some of this stuff till next Tuesday?? Not the daytraders, so shorting every peak has been working so far..



To: James Strauss who wrote (6178)5/25/2000 12:51:00 PM
From: James Strauss  Respond to of 13094
 
Nasdaq New Lows Decreasing...
******************************
From a 39:1 ratio of New Lows to New Highs, we now have a 3:1 ratio... While still bad, it shows improvement, and may be hinting that the selling is drying up...
finance.yahoo.com

Jim