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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (8926)	11/23/1998 6:45:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

After some discussions I was in during this weekend I would have to agree with one who postulated it in the following fashion. The U.S. Markets essentially owe a payback to the Fed/Clinton for the entire scenario of a rate cut orchestrated with the Asian economies and so we have a rally. In spite of the fact that the rally appears to fly skimmingly in the face of Dow Theory we still have to pull the payback stuff. So the market must run up. Me, I'm not short except for some puts I bought Friday. I don't worry overmuch about being flat. Much of this has convinced me more than ever .......damn, family fight. Gotta go EDIT I'm back. I'm more convinced than ever that day trading is the only way to play this market for a speculator. I'd rather be in cash every night than to hold positions but that of course is me. I have to get back now and referee an argument.