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Tim, didn't know about the NY Fed Chairman being a former FX trader. That
said, there has been some strange price action during the past week or so
which has caught my attention ... particularly when a decline suddenly halts
well short of confluence in S&R. A fine touch here would seek to slow the
decline in an orderly fashion rather than turn a market which quite likely
can not be turned (absent some really good economic news) even with a rate
cut.
Earl
----- Original Message -----
From: "Timothy Morge" <tmorge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 07, 2001 10:19 AM
Subject: Re: [RT] Nasdaq
> 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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>
>
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