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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (4361)	6/6/2001 12:32:35 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

I intend to participate in some limited fashion, just to feel participative, on shorting shares and buying puts. Need ideas! Chugs, Jay

To: westpacific who wrote (4361)	6/6/2001 11:24:16 AM
From: tradermike_1999	Respond to of 74559

West - I haven't been doing a lot of trading lately. Went short last Fed meeting and covered quickly afterwards. Been nibbling on the long side with a few breakouts, but no real big positions or big plays. Mostly in cash. Been using the opportunity to spend less time with the market during the day - thats why I haven't been posting here much - and more writing a history book that I have been working off and on for sometime. The Vix dropped quick yesterday but is back up a tad today. Think the market is being held up because of the Fed easy money rate cuts. Inflation is on the horizon and so are high interest rates - but for now no one cares. Consensus is the market has bottomed and everyone is afraid to miss out. Think it can stay afloat for another month or two - but it will top out with the VIX at 20 or below. Naz 2552 is the FIBO 1/3 retracement so assume that is what you are looking at there?