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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: brian krause who wrote (52042)7/18/2001 11:53:47 PM
From: CharlieChina  Read Replies (2) | Respond to of 62347
 
Thoughts to ALL:

I have been over this again and again and have looked at the NASDAQ and the S&P 500 on a variety of timeframes and a variety of cycles(i.e minimicro, micro, short and long) and comparing it to 1929, 1932, 1987. I have discussed my findings with several associates who I trust their opinions.

All I can say is this,

"the next 7 trading days will be the most critical period since this mess started in March of 2000"

I am still very much comfortable with my Put option positions.

Probabilities of market outcomes of the next month of less:
- 65% major crash
- 25% sideways
- 10% micro rally

I will go one step further, the next 7 days comes around very few times in ones lifetime,.. so enjoy the trading action. Big money is hedging everywhere. Bonds, Stocks and Options. It really is an amazing time to be alive.

We all should consider ourselves lucky, we all have this unique period in time to learn a great forthcoming market chess game which will be played out by the masters.