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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (92149)4/10/2001 11:29:28 AM
From: Perspective  Read Replies (2) of 436258
 
I like silly, too. Silly makes the decision-making very easy. Hopefully gut feel and TA get you into a position to take advantage of silly.

I'm hoping I've got enough dry powder to take advantage of it when it tops out here. Got to admit feeling a little overweight on the short side, even though I've been lightly invested. The failure of the last low (the levels we're now trying to get back up through) caught me without enough shorts for my taste, so I reluctantly added a few into the weakness. Covered some, but it's now a net loss. Guess I shoulda waited for a higher probability entry. That darned rule again: In A Bear Market, Stay Short. I didn't stay short, and it cost me. Of course then I compounded the error by not picking up some more insurance yesterday; I was a little gunshy thanks to being whipped on the last "bottom". Grrrr...

In any event, this resistance is holding on the first shot. Guess I'll reduce exposure just a tad further into the weakness. One more smaller wave up to complete ABC? Looks like 2-3% more on Spoos, NYA would complete the move. No idea how much more on Naz, but I'm guessing another 5% possible.

BC
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