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To: pater tenebrarum who wrote (31712)10/26/2000 5:54:16 PM
From: sammaster  Read Replies (1) | Respond to of 436258
 
such as disappointing gdp.....

samir



To: pater tenebrarum who wrote (31712)10/26/2000 5:54:22 PM
From: RocketMan  Read Replies (1) | Respond to of 436258
 
Anyone going short or long in this market is jaywalking in front of a high speed train. This is a trader's market, you just have to follow the trend. We could go to 2500 or less by year's end, or we could be at 5000. Neither bulls nor bears have conviction. Longs sell into rallies at any sign of a stall, and shorts cover at any sign of a recovery. Me, I'm using tight stops, playing the qqq both ways, and taking profits whenever they are offered to me. This market will destroy ideologues of any persuasion.



To: pater tenebrarum who wrote (31712)10/26/2000 6:21:40 PM
From: chic_hearne  Read Replies (2) | Respond to of 436258
 
i take back what i said about another smash down tomorrow...it ain't gonna happen, unless we get an as of yet unforeseen surprise...

Tomorrow could be an adventure. I see a mania style open. Naz up 50-100 right off the bat. Then there's two choices. Rally all f*cking day long like that other Friday. Or dive after the suckers buy the open and then the "real" sellers show up. My bet is we go up all friggin day unless we get that unforeseen event you're talking about.

GDP will be yawned at IMO. McTeer already prepped everyone it could be weak, so we will rally hard if it were just to meet probably. Bad GDP will be ignored, at the open at least.