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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (30964)	8/1/2000 9:25:58 AM
From: john722	Read Replies (2) \| Respond to of 57584

Rande. How true <Never RUN into extended hours trading just because you can!!> I learned this lesson the old fashioned way (OJT). PS. My daughter got sick and I didn't attend the local computer show. Good RMTR call the other day!

To: Rande Is who wrote (30964)	8/1/2000 11:39:50 AM
From: Paullie	Respond to of 57584

Some thoughts - "However, a case could be made that too many traders EXPECT August to decline on low volume into the FOMC meeting then pop AFTER the meeting. . . . giving manipulators from the large brokerage houses and hedge funds another golden opportunity like they had in December 99, when absolutely EVERYONE was convinced the markets would decline into Y2K, then get a big relief rally come January. Instead, we saw a massive rally right through the Christmas holidays and right into Y2K New Years. . . then a huge gap up the first trading day of the new millenium and then SLAM! a steep drop, complete with margin liquidation choke outs, then re-load and repeats throughout the month." Rande - here's a thought. We all "know" that the markets do not act as the general public thinks. Maybe this time, many people are thinking the way you described above - and that means that the markets will actually do what we originally expected them to!!?? But what happens to this theory when they catch on to us:) Seriously though, I posted targets last night for a few stocks for the NAZ drop that I expect and now I am not so sure we will see that drop. 3700+ is starting to look better than it did last week. Anyway, I (and many) are experiencing the true dilemma right now of a trader/investor - What will the markets do? Paullie