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Strategies & Market Trends : Steve's Channelling Thread

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To: mishedlo who wrote (22584)	8/2/2001 8:36:44 AM
From: Zeev Hed	Read Replies (4) of 30051

Mish, do you have any longs in case this market explodes up here instead of turning back? It seems quite evident that this rally will extend beyond the Maginot line, I don't know if it will close there or not, but having few longs in case it roars ahead, would be "prudent" (and no options, the market can turn back as fast as it turned up, it has done that some 5 times in the last three months). At 62% cash, I am personally "under exposed', so I have added the quintet here in premarket reducin cash to just above 50%. (qlgc not yet in I a trying to get $42.5) Zeev

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