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Greenspan is also a technician.. I forget the old master he studied under
yrs ago.. but this explains the timing of the eases earlier this Spring off
March/Apr lows.. right when he could get the maximum movement up from short
covering in market at crutial point where mkt was about to unravel....but
now he sees that this can't correct only delay bear action....... not to
mention that he is a Pisces and both surprise eases were on Pisces Moon if I
recall.....
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 07, 2001 12:39 PM
Subject: Re: [RT] Nasdaq
> 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:
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> > > > >
> > > > >
> > > > >
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> > > > >
> > > > >
> > > >
> > >
> > >
> > >
> > >To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> >
> >
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> >
>
>
>
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