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

To: nextrade! who wrote (14571)	2/3/1999 9:35:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Glad that you can join us on the thread, nextrade Yes, my bias is also to the downside for now -- I think that most people who see this sell-off as being limited are basing their view on the way the market came back in the final hour. Personally, I think that if the market rallies from here it will set the stage for a pronounced sell-off before long because unless the rally is very strong there will be a lot of divergences not to speak of more bullish sentiment and more of buying the dips being the way to go. I do believe that one more rally is on the cards though whether we'll see new highs is another matter. Re the bonds, yes, it has been a nice trade after I got whip-sawed a couple of times. Am looking to add to my short position when it bounces sufficiently. Re Greenspan, I expect that we'll see a kneejerk rally when the news is out that rates are not to be raised -- a rally that should be shorted. If rates are raised -- which is not likely-- then we will go down so fast it will be breath-taking!!