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DH, the only day the sp market traded 1216.50 was Fed cut day. Never traded
there in the two weeks before that day or since that day. (Unless of course
I have bad data).
======================
DH wrote.
> > Joe, if making money is the big deal, I would ask if there is anyone who
> DIDN'T make money on that last little runup? I did - bot some mini spoos
> at 1216.50 and sold at 1275.75, actual fills - and I suspect many others
> on the list did as well. It was a pretty obvious trade.
Joe Duffy wrote
> > buying just minutes or hours before
> > the Fed rate cut, and selling out within two points of the high over two
> > weeks later is nothing short of spectacular.
>
DH wrote
> Actually, it was one week. In hindsight, I probably should have taken
> profits on Monday when it first banged on that overhead resistance but I
> wanted to give it a chance to break through and my system gave me a
> profit target slightly above there. Then I sat there cursing myself
> while it dove. :-) When it gapped up into the same region on Wednesday
> and stalled in the first few minutes, I said I'm outa here and bailed at
> the market. It wasn't worth the risk to hang in there for the few extra
> points the system said I ought to be able to get>
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