MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CharlieChina who wrote (74278)	4/21/2001 10:41:26 AM
From: CharlieChina	Read Replies (2) of 99985

Follow up: If you follow the history of my posts. Well, after further review, I could have done a better job of timing for maximum performance. The surges on the indexes are tremendous now. It is my belief we will be experiencing within weeks a major correction on all index(i.e Dow, S&P 500, NASDAQ, Russell 2000 ). The markets will now take all of my time from here on in, therefore, my next post will be when I close out the naked calls or let them expire or there is a major change in the dynamics of the economy. Most of the naked calls that were sold where for the month of August, therefore, time is on my side. In addition, I had to add extra cash to my personal hedge fund in order to balance the cash weight again and add for an additional 10% surge. This upward spike in equities caused an inbalance. I did not want to cover any positions just because the mother maniplulator of all times ( i.e the Fed ) decided to run up the equities in the middle of the week as an attempt to add fuel to the flame that will burn out shorty. P.S. the only thing that has changed this week for me, is that I believe the markets will head down much lower than I even anticipated. Its much worse out there, the surprise Fed cut proved that. Take care ... I still consider this thread to be the best quality thread on SI with the least amount of noise.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next