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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (48841)10/13/2000 8:59:50 AM
From: PMG  Read Replies (1) | Respond to of 94695
 
The futures fooled me yesterday to close my short positions, I re-entered them again at a much lower level and missed huge gains.

But it also changed my way to draw conclusions from the futures. As they are traded over night I see them now as a continuation of the indexes (not as a pre-indicator or so). This should have told me that the big plus they had was already the peak of the rally that I had expected. So it was over before it started.

So for today it means that we will open almost flat and that todays direction is not clear.

PMG