Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (9563)	2/11/2001 11:45:31 PM
From: mishedlo	Respond to of 10876

I think we have a retest of the Jan lows, and I do not think they will hold. I had a quite long winded "Cool post of the Day" on Buy the Third Rate Cut that explained this, but I can not find the damn thing. Thus, I will be very very quick to unload any profits from long positions. That said: The market can do and will do what it wants. It may or may not follow out any concensus plans (most people thought we would rally after that second cut, and it did not), and most people also think the bottom is in (and I think they are wrong). I am relying on the fact that most of the people are wrong in times like these. I think we rally about a week before the March FOMC meeting, right up to it, then ..... will it be another round of sell the news or not? In the meantime, I am looking for only a mild relief rally here (100-200 Naz points). Heck, we simply may not get it. There are a lot of people that think it is coming. Too many perhaps. For what it's worth, I do not think Greenspan will act in advance of the March FOMC, because if he does and it does not restore consumer confidence, he is screwed big time and he knows it. I hope people are not offended by the number of "I thinks" in my posts. I have views, I express them strongly, and can come across as being more than just a little too cocky for some. M