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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Caroline who wrote (2064)10/22/1998 9:41:00 PM
From: Mike Learner  Read Replies (2) | Respond to of 39683
 
CB, I enjoyed LRCX trade as well. XRX is great short. My traded option root is "XRXXR". Why DEC ? My thought is that Stock Market manipulators (they can call it "intervention") need time to favor few powerful groups to reorganize their financial messes with keeping the market up for awhile! They lowered interest rate since they feared market collapse -- it was not a confident move to have a healthy market! Few weeks ago, we were hearing of rising interest rate! We are talking about slow down and earnings are going to be much lower; we listened to all companies reported their earnings!

Since I can not fight these big guys, I give them time <ggg>. Therefore, I paid extra for DEC.

AG is trying to create a soft landing to much lower DOW and other indices than a BIG CRASH! Their goal is to avoid panic (we saw a mini panic!!) in this market!

Nov. 17 is a catch 22 for Mr. AG. It appears that we will loose economically, regardless. I hope, I am wrong. Wait & see!

Meanwhile, trend is a trader friend -- in & out with no trust for next day.

Regards,

Mike Learner