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Strategies & Market Trends : Steve's Channelling Thread

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To: Sun Tzu who wrote (19203)	6/28/2001 2:45:49 PM
From: Jdaasoc	Read Replies (1) of 30051

ST: (my longs are up twice as much as my shorts, but I have 3 times as many shorts All that matters is that your shorts leave anything important overexposed. (: I myself will have to see some signs that both business and consumers shut down to get bearish. In last week, I have seen no evidence that they will not step up to the plate as requested in the next six months. Playing the short side will be only possible in little conservative dribs and drabs in contrast to last 15 months. I wrote July NDX call 1900 today againist 1/3 of long position assuming that only slightly higher highs in market are possible. I have left more short amunition for next two upticks to get to level even. john

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