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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (45955)	8/18/2001 5:29:24 AM
From: stevenallen	Read Replies (1) \| Respond to of 56532

I think the sell off is going to happen sooner or later no matter what the Fed does - the savvy trader can play the move/headfake/move again scenario for some quick scalps but there isn't anything Greenie can do that will stop the poor earnings and visibility environment we're in from taking us back down to the April lows, if not further. That being said, I think they'll only go 25 pts but will spout encouraging words of hope that will postpone the major dump for a while. If this occurs I'll use the opportunity to reload those shorts I very happily covered today.