All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (4285)	1/26/2000 2:47:00 PM
From: Jorj X Mckie	Read Replies (1) of 42523

The 10wk MA is one of the 4 main indicators that we use for the market. It, and the BPHILO are the short term indicators. The 10wk MA reversing down is a signal that we could see some more weakness. My response to it was to buy some puts to cover my long positions. If the NYSEBP were to subsequently reverse down, I would sell the underlying stock and hold the puts giving me an overall bearish position. Right now, I would consider my position as on the bullish side of neutral, but it could bearish in a minute. Either way, if the BK happened tomorrow, I wouldn't be hurt too bad.

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