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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Jon Tara who wrote (5257)9/10/1997 12:31:00 PM
From: mattie   of 9285
 
Good call on the SPY's. I'm getting that feeling it's time to lean more on the short side. Did you see the Bull/Bear numbers today from Investors Intelligence? Bulls are up strongly this week. I was bullish last week because the bull numbers fell in favor of the bears - market can't fall if everyone is bearish. Now we have the opposite occuring, bulls are outnumbering the bears.

I was short the SPY in mid August. Made a great call - covered near the lows - but without the leverage and with transaction costs it was only an average trade - even though the timing was perfect. I will be looking closely at the tiny-s&p futures to get the leverage.

Good Luck.
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