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I guess one way to avoid being keeled in such market is not to trade when
Mr. Greenspan talk. Get a cafe late with baklava and watch girls going by...
Alex.
At 12:41 AM 7/23/99 -0400, Jim Murphy wrote:
>>One of the reasons I don't like systems was the trade today in the bonds.
>>Had a channel going then broke out to the upside that would trigger most
>>systems to buy. Followed a horrific break that lasted 12 minutes for over
>>a point and a half before a small bounce up. I guess the people who use
>>systems would say the trick would be to reverse but today was an exception.
>>Most times if you try and reverse this market you can get hit both ways.
>>Sorry if anybody got hurt today in the bonds but reaffirms to me systems
>>don't work for daytrading.
>
>Seems like a no-brainer to me to NOT take signals from a system when
>Greenspan is in the news.
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