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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (30637)	3/9/2008 7:16:55 AM
From: carranza2	Respond to of 218486

Going to set tight stops on all ultras, looser on Yen, Swissie and gold, on possibility that dollar and financials may well rally so that (1) possibility of chicken entrail reading error is not a factor and new profits possible if the Fed has not successfully minimized the Direness of It All for time being and (2) most profits are taken, stuffed in pockets, if the tea leaves have been read properly and Happy Days Are Here Again. Latest Fed action is no nonsense, serious, and worthy of respect but it also signals Bernanke's Gut Wrenching Panic so it is possible that we are misreading its importance. If all-seeing, all-knowing market agrees, is not impressed, and smells weakness and panic, tight stops will allow further profit. If it agrees, profits taken at near top. Best I can do for now. The planning of this potential strategic retreat is justified, live to fight another day, not get slaughtered, but it also allows for more looting if more gloom, more rivers of blood are forthcoming, if market thumbs its nose at latest action, which is admittedly more decisive, more focused, less tentative.