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Gentlemen,
Just an FYI. Nothing negative intended nor
implied. Just a clear statement of fact with no hidden agendas or
implications. Thought someone who is considering Futures trading might
like to know.
The stock market may be suffering however the
Futures markets are doing great. So far April has been one of the best
(most profitable) months I've seen in quite some time and it's only the 13th of
the month. I used to trade stocks but the Futures markets have
been much more profitable and consistently maintain a much lower
risk/reward ratio.
God Bless and best wishes in all your future
endeavors,Tom
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Daniel
Goncharoff
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, April 12, 2002 8:25
AM
Subject: Re: [RT] No Prisoners
IraYou say the market looks like a disaster, then
point out the facts thatsuggest, well, it isn't really a
disaster!None of the major indices has taken out even its February low
yet, soyou are quite right that we haven't produced a major downturn.
Yet.To me, the market is sliding down a wall of optimism (or whatever
thereverse of climbing a wall of worry is). Stocks with good news go
up,but stocks with bad news go down harder. The earning cycle of next
weekwill be decisive, in my view, in setting the emotional environment
forthe next few months. Quick attention to outperformers will slowly
loseout to the realization that business overall just isn't that good,
andisn't going to get better soon.I also see this jiving with
Ben's bounce next week, followed by furtherdeclines as the truth sets
in.JMHODanGIra Tunik wrote:> > In a market
that took no prisoners today there was an interesting event> that
occurred. Out of the top volume leaders on the Nasdaq and the
NYSE> here were the only up stocks. CPQ, AAPL, BRCD, BRCM, FLEX, MO,
WM.> Basically one food stock, one bank and the rest high tech.
Could the> bottom be in for the Hi-tech stocks. Where could the
funds be running> to for safety now and what will the redemptions force
them to do? In a> market that looks like a disaster, the Dow is
still over 10,000, have we> seen the bottom or just the start of a big
slide. Until 9500 is taken> out we are still in an uptrend, so
there is more then 500 points that> can come out of this market and the
direction will still be the same.> That means that there is still
plenty to be made in either direction.> Good trading,
Ira.> > > To unsubscribe from this group, send an email
to:> realtraders-unsubscribe@xxxxxxxxxxxxxxx> > >
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