MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: t2 who wrote (79107)	6/20/2001 6:40:56 PM
From: CharlieChina	Read Replies (3) of 99985

Just popped in to say ... Several of my partners have forced me to liquidate several large short positions .... therefore, a complete wash .... large losses were taken .. a total of -23.2 % NAV on the accounts. My partner's view is that the markets will thrust forward to higher ground quickly ... My view is that the markets will be headed downward at an accelerated rate ... When there such a massive divergence of opinion, the best solution is to exit a partnerships of funds when the direction is so warped. it really is too bad ... I actually feel like a man sitting on an island by myself ... with a view no one shares .. for the record .... I see the NASDAQ around 750 or so ... before the summer is up

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