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Wow, someone with a sense of humor! I like that. I'll give you reason
#8) To prove he is really an 'economy-centric Fed man, and not a
'market-centric' fed man, the way he was labelled in the days of the
exuberant bubble.
"M. Simms" wrote:
>
> Anyone care to venture WHY the Fed cut rates in a naturally rising market ?
> Here are the options:
>
> 1) they're stupid / they don't understand markets
> 2) "head-in-the-sand" mentality
> 3) it was a political move to bolster Bush's flagging popularity and to
> offset his weak tax reduction plan
> 4) Greenspan was taking a vacation to the Bahamas and wanted to "get it out
> of the way" before he left
> 5) crush the shorts/bears and "Teach em a lesson"
> 6) demonstrate their "committment" to the new economy
> 7) set-up the market for yet another big crater in the 3rd quarter
>
> > -----Original Message-----
> > From: Bilo Selhi [mailto:biloselhi@xxxxxxxxxxx]
> > Sent: Wednesday, April 18, 2001 2:27 PM
> > To: Monte C. Smith; Omega List
> > Subject: Re: EL Rate Cut System
> >
> >
> > today the system did not have to predict it. it cot it
> > because the fed lowered into rising market.
> > my system net 80% long on my 80 stocks this morning
> > combined point pullout on the first trade was over 100 points.
> > about 30% were short from yesterday and those trades got killed
> > but recovered on the morning trade.
> > sp naz dow nq system was long straight from the open...
> > ndx and nq was short overnight resulting in two lossed but
> > reclaime all back and some today.
> > here is the gif of the p$l of the current trade as of 2:15.
> > about 75% are winners and 25% are losers as usual
> > but the losers are less then half the winners...
> > combined position is about 60% long some 20% are shorts
> > the rest are flats.
> > at 2:15 the point pullout is about 50 + points.
> > the system cot the fed cut this time and actually last time
> > too.
> > the system is still long sp and in second profitable long trade
> > in naz.
> > if you do it right it will work...
> > bilo.
> > ps. i will post the gif to system only list since it's larger then
> > allowed size on this list.
> >
> > ----- Original Message -----
> > From: "Monte C. Smith" <mcs@xxxxxxxxxxx>
> > To: <omega-list@xxxxxxxxxx>
> > Sent: Wednesday, April 18, 2001 1:16 PM
> > Subject: EL Rate Cut System
> >
> >
> > >
> > > Anyone running a system written in Easy Language that predicted this
> > > rate cut? (Maybe we should just rely on cnbc)...
> > >
> > > Monte
> > >
> >
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