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To: Shack who wrote (27445)1/10/2002 2:10:51 PM
From: marginmike  Read Replies (3) | Respond to of 209892
 
I think this is a very dangerous spot for traders. Unless your doing a volitilityu spread(long puts and calls). This market through liquidity could pull a minor 1999, on the other hand the market has a long way down once it turns. I am on the side lines trying to make sense of all the mixed signals. Bonds up, Gold up, stocks up? Oil down? Util down? If we have a recovery bonds shouldnt be rallying. however stocks and gold scream inflation. FA is OK, Retail sales stronger, Tech sales improving. Is it a bounce, real demand?
There are so many contradictory indicators and data points that I will stay in the weeds and wait for the rally to die.



To: Shack who wrote (27445)1/10/2002 2:18:29 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
Shack, what's your trading vehicle these days? QQQ?

All day today we've been closing above the lower mid tine on the NDX 30min upward fork.

I think this fork is still in pretty good control, she's sloping about 10pts/day...