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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (6867)10/18/2000 4:29:39 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Jim, what a monster the first 15 minutes of trading were today?? Having a pile of those spx puts on hand proved to be a real money maker this morning.

Anyway, thanks for the kind words. I just don't know where we go from here. We may go sideways, up, down, or all three for some time. Technically, the backs of the indexes are broken, for now anyway. I think the FED was at work big time today, adding billions in liquidity, otherwise I doubt we could have seen the type of snap-back we had off the lows. What do you think??