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Strategies & Market Trends : Sharck Soup

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To: Boolish who wrote (12327)3/20/2001 7:38:59 AM
From: Sharck   of 37746
 
Labels labels labels...."I don't think the bears have turned into bulls..." Never thought we were bears booboo, I'd like to think we have found a way to squeeze as much mulla outta every trading day. Mkts go down, we short, they go up, we go long, simple huh?
I did close out a bit early as I did not want to risk an end of day potential sell off though I noticed the covering continued to the EOD. Note I didn't pound the table to sell when AS mentioned he was holding. We did say we would get a rate cut bounce but suggested holding shorts over the weekend and buying long in the AM, the strategy worked out quite well. Now I am in wait and see mode as I anticipate a .5 rate cut and feel it will not be enuf to keep the mkts in rally mode. However, I never bet the bank on anything nor should you. (Unless you happen to be Irish).
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