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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (48508)4/6/2004 1:07:17 PM
From: Michael Watkins  Read Replies (1) | Respond to of 52237
 
Interesting.

I wonder if his bias (NY floor trader) is influencing his thinking?

I really have no firm opinion on the long term market direction right now. Given that Nasdaq has already been severely beaten over the many years (which I did fully expect in 2000 and commented on frequently here), another halving does seem less likely to me right now.

Besides, with rates rising Nasdaq can also rise for some time, as we have seen. Some other sectors might not fair so well.

Bottom line I won't be over extending my stay in trades in either direction.



To: Softechie who wrote (48508)4/6/2004 7:00:48 PM
From: marginmike  Read Replies (1) | Respond to of 52237
 
floor traders dont go away with positions on. Nor are they good economists. They just trade the imbalances.



To: Softechie who wrote (48508)4/7/2004 4:31:30 AM
From: JustTradeEm  Respond to of 52237
 
Your NY trader friend will be covering by June .. eom .. JB


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