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Strategies & Market Trends : Just Like Starting Over

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To: ayahuasca who started this subject3/15/2002 10:21:32 AM
From: ayahuasca  Read Replies (1) of 23
 
well, I have been hurt more than I wanted to be. Stuck like a deer in the headlights on a couple of occassions. Right now I am down on 2 out of the 3 options I am holding- the AETH April 5 calls and the CHKP April 35 calls. I am barely ahead on the GNSS April 30's. I believe I just acted too early on the two I am down on.
On the other hand, my more macro scenario has remained intact. We are stalled right now at the 1850 level which I think will be the bottom of this little correction. The bears are coming out in full force again now, calling for all sorts of bad things. Thank God...that's as good an indication as any that things are nearing inflection once again. If this 1850 level holds today I will be pleased and willing to take long positions into the weekend. If it doesnt I am not sure what I will do yet. Ideally I would like the Nas to rally to the 1870's today and close above 1870 flat. It's possible, but I think it's more likely that today will just grind away right here in the 1850's.

We shall see.
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