Trading Strategies - Follow The Money - Trade Where The Action Is.pdf
Tradingmarkets
Jan. 3, 2001. Shortly after 1:00 p.m.
ET, the Federal Reserve made a major announcement of its decision to cut
interest rates by 50 basis points to 6%. The market reaction was quick and
frantic. The Nasdaq Composite index shot up more than 200 points in just 20
minutes. In the same time frame (1:15 p.m. to 1:35 p.m.), Broadcom (BRCM)
surged from 78 13/16 to 97; SDL Inc (SDLI) went from 142 to 173; Juniper
Networks (JNPR) from 106 11/16 to 118 7/32; and CIENA Corp (CIEN) from 67
13/16 to 83 23/32. Short sellers were rushing to cover their positions desperately
while daytraders and short-term traders were attempting to catch this explosive
upward momentum.
Categorias:
Ano:
2001
Editora:
Tradingmarkets
Idioma:
english
Páginas:
5
Arquivo:
PDF, 46 KB
IPFS:
,
english, 2001
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