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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (31197)9/25/2002 9:45:51 AM
From: Ray RuebRead Replies (1) of 118717
 
I've lightened my short position a bit

Note: this IS NOT me saying BUY.
This is my fear saying cover (in small letters).
My charts are still saying HOLD SHORT.

In the past 2 sessions I have closed out shorts in TER, EASI, NXTL, IGEN and OMC.

I have 1 long position in CANI, though the chart is saying COVER rather than BUY so I'm early with this one.

I have a buy order on EP at 5.05, but I don't think it will trade there.

So this leaves me with the shorts that had the worst looking charts: DAL, EXPE, NVLS, PECS and the ever-present ZIXI.

I view any strength today and next week as a "head fake" before the market tumbles the second and third weeks of October.

You all be careful out there
Ray
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