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Strategies & Market Trends : Classic TA Workplace

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To: Jack of All Trades who wrote (40696)	5/30/2002 10:31:31 AM
From: AllansAlias	Read Replies (1) of 209892

Change in my allocation: I am booking the 75% Rydex S&P short. Average entry on that was S&P 1088 (gain). I am also getting rid of the 25% Velocity long, entered at NDX 1245 (loss). However, I have a very small number of QQQ calls now. It's a flyer and I will kill 'em if we even get close to revisiting today's lows. Basically, I am stepping aside. A trader always has 3 choices, not 2. I am uncomfortable holding anything other than a very s-t position here. It could go either way imo and it's time for me to step aside and take a breather. Also, it's been a good ride since May 15 and I am a little exhausted. For those who recall, this all started in early may with my well-documented strategy, and the "strategy steps" posts along the way. This post officially ends this leg for me. Rydex allocation : 100% cash Option allocation: 90% cash, 10% long

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