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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: High-Tech East who wrote (65706)1/3/2001 3:07:39 PM
From: jmootx  Respond to of 99985
 
I don't know how long you have been trading, but do not fight the Fed. You should take your profits and sit out until things settle---just my opinion of course.



To: High-Tech East who wrote (65706)1/3/2001 3:14:58 PM
From: Saulamanca  Read Replies (2) | Respond to of 99985
 
Ken, Fed fund futures have already priced in 100% chance of 1/4 point rate cuts in January and March.



To: High-Tech East who wrote (65706)1/3/2001 3:26:45 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
High-Tech East: today is (probably) the biggest suckers rally in history

Sucker rallies to me are intraday head fakes that pull you in and reverse before you can back out. Don't price chase always applies; however IMO this rally was telegraphed in advance and has been very tradable.

Trading with a plan reduces the anxiety and improves profitability. (Always use limit orders...)

Regards,
LG



To: High-Tech East who wrote (65706)1/3/2001 3:31:22 PM
From: Mike M  Read Replies (2) | Respond to of 99985
 
Good luck. I, on the other hand, think the bottom is in...and the warnings will likely be shrugged off.