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Strategies & Market Trends : NetCurrents NTCS

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To: ken-l who wrote (6646)3/27/2001 11:59:25 PM
From: Not_Active  Read Replies (2) of 8925
 
Thanks for your comments ... they basically correspond with discussions we had with T during the trading chat today, and are reinforced by the multiple layers of EMA resistance that exist above the current Nazdaq futures price on various time frames. Risk at this point would appear high, calling for prudence. Given that I am "on the road" through mid next week and cannot monitor the market intraday, I let discretion be the better part of valor and exited my long equity positions with a nice profit for the last 4 trading sessions.

Now 30% cash and 70% TIPs (treasury inflation protected bondz) ... will look to lighten up on the bondz in the coming retracement of the move down.

Thanks again ... Kacy
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