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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (9163)10/8/1999 12:53:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
Wally: DOW is on fire IMO because the herd is heading for cyclical stocks today. It is dragging the S & P and NASDAQ up. NASDAQ is testing the highs and could punch through. It all depends on how much people are willing to get in front of earnings at this point. I think they are too late. NASDAQ tested highs the other day on high volume and did not do anything convincing IMO. I believe it is topping short term. I justa initiated short positions in the QQQ as a hedge although there may be some upside left. I will short that as well if it comes. I have some puppies who have LTCG periods triggering next week and the following one. Looking to hedge that time period and possibly beyond.
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