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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: IA who wrote (27267)	7/10/2000 4:54:37 AM
From: Johnny Canuck	Read Replies (1) of 68206

Hi Inder, I can't say I am doing as well as Suresh and yourself. I am currently up only 5 percent above my March high. I was higher when RMBS was really running, but I expect them to run again if AMCC and PMCS cooperate with good forward guidance this week. I have stayed mostly in cash in my trading account and have been only using a percentage of my capital, so my results could have been better. I am not sure what the psychology is right now. I know for myself I was setting up for a break since I already had what I considered a great year when the market melted down in April. Now that I am above even and have seen how far the market can fall, I can't say I see a reason to keep playing if we run into any trouble. The next Q is historical weak for earnings, so I can't see the funds staying past the middle of the earnings period. I do expect a post election rally, but that is an eternity away in these market conditions. Great job by the way to yourself and Suresh. I am curious though, when do you call it a year?

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