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To: Lucretius who wrote (35376)5/24/2000 5:51:00 PM
From: KeepItSimple  Respond to of 42523
 
hitting the green bottles a little early?

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sickle comes down and chops this POS's head off tomorrow imo... dollar index has a H&S top... ECB raise rates.. euro melts up???? and we can't even get this mkt open???



To: Lucretius who wrote (35376)5/24/2000 5:53:00 PM
From: re3  Read Replies (3) | Respond to of 42523
 
one year ago today <g>
Message 9734814



To: Lucretius who wrote (35376)5/24/2000 6:01:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
all i can say to that is "dream on". already QCOM and others are ramped in the after hours on the China vote. that gives us an easy 50-100 point opening pop in the NDX.

the Euro will eventually go up, but a melt-up following tomorrow's ECB action can probably be safely ruled out. the technical damage needs some more repair work imo before a larger move up can occur.

tomorrow you'll get all those people scared to miss out on the 'bargains' jumping back in.

of course it is possible that today was just a relief head-fake. but you have to allow for the possibility that we're going to get a decent bear market rally that retraces a portion of the losses.

that said, i bought calls AND puts today...simply because which-ever way we go, it will probably be fast and furious...

EDIT: Shaeffer went yesterday from 'bullish' to 'neutral'. that's ALWAYS a buy signal.