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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (30892)10/8/1998 6:06:00 PM
From: bearshark  Read Replies (1) | Respond to of 94695
 
GZ:

I unloaded my puts at DJI -200 plus. When the treasury interest rates reversed and went up it was saying that money was being made available for something. I was not going to wait to find out what it was. I was also scared that the GreenRub boys were going to surprise us tomorrow morning because of the 13-week treasuries. A profit taken is always a profit.



To: GROUND ZERO™ who wrote (30892)10/8/1998 6:19:00 PM
From: bearshark  Read Replies (2) | Respond to of 94695
 
GZ:

In addition to the rates that scared me out, the big money was pouring into the big stocks towards the latter half of the day. There is very fast trading by very big money in this market. Any rally could turn on a dime just as this decline? did.

Day trading is history. It is now minute trading and watch out for the big money. I am taking a break from it for two days. Next time I look we may be at 9500 or 5500. What a difference 2 days could make in this crazy market.