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Earl:
Also remember the NY Fed chairman was an exec at a huge FX trading
institution for many years and had hands-on experience during the Plaza
accord and subsequent large-scale FX and bond market interventions.
Greenspan no doubt has at least a 25 basis point cut "in his pocket" for
any market event he chooses to spring it on, so I would not be surprised to
see more intervention in the index market and perhaps a surprise rate
change if things got even more ugly.
Good trading, folks.
Tim Morge
At 09:45 AM 9/7/2001 -0600, you wrote:
>One other comment ... they came in and bought ND futures at 134150 and that
>turned and led the SP futures up. For those who believe in intervention (I
>do) this was a very logical strategy to slow the decline.
>
>Earl
>
>----- Original Message -----
>From: "Earl Adamy" <eadamy@xxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Friday, September 07, 2001 9:41 AM
>Subject: Re: [RT] Nasdaq
>
>
> > My targets for September ND are 1200, 1070, 900. SP target is 1040. Daily
> > charts are all shot so using weekly.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Ira Tunik" <irat@xxxxxxxxx>
> > To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, September 07, 2001 9:10 AM
> > Subject: [RT] Nasdaq
> >
> >
> > > This one looks real dicey. If 1700 doesn't hold I have targets all the
> > > way down to 860 with support at 1375 and 1080. There are other
> > > intermediate price objectives, but these are the major ones. Always be
> > > aware of the movement that will cause a directional change. Trading with
> > > blinders on and unidirectional can be dangerous to your bank account.
> > > Ira.
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
>http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
> >
>
>
>
>To unsubscribe from this group, send an email to:
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>
>
>
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