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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: pater tenebrarum who wrote (22326)8/6/1999 10:29:00 AM
From: j.o.  Read Replies (2) of 99985
 
Ach Heinz, i' glaub nur, dass wir zwischenzeitlich wieder a Bissl steigen koennen...

That doesn't mean I won't flip and go short if we break 10600. I am just not convinced that the BK has to happen now. It will come - that we know. All carry trades (buy stocks, sell bonds ; buy $, sell Euro; buy $, sell Yen) come to an end. And when they do - they go very quickly and VERY far. There will be plenty of time for me to make money on the short side - but I am not going to be a hero and try to get the ball rolling <ggggg>. I'd rather play the momentum when it arrives. So I did buy the dip - happily and profitably. And now I'll see what happens.

We've seen two downwaves - and until I see a third, we have not yet begun the new, big, downtrend. If it comes soon, I'll soon be short, and congratulating you on your foresight.

And yes - I still love the bonds here. Should you have some to go, let me know.

j.o.
indextrade.com
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