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Didn't we get back down to 1213 and change on 4/25?
Tim Morge
At 04:07 PM 5/14/01 -0400, you wrote:
>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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