S&P Midcap 400 Portfolio (^MID, MDY) Message Board

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Non-Tech : S&P Midcap 400 Portfolio (^MID, MDY)

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To: Londo who wrote (142)	10/15/2002 11:34:11 PM
From: Londo	Read Replies (1) of 181

This was quicker than I thought, but the MDY got cashed out. Because of the gap-up, it got cashed out at $76.40. This leaves $10533.31 in the portfolio to throw around. Unfortunately, I don't think this is a great time to be going long on anything, since we WILL re-test 770, and we WILL be heading down to the S&P 600-650 level. The S&P 500 is up 14% over the past 4 trading days. Price action like this does NOT happen in bull markets - only bear markets. Presumably anybody that is short right now got flushed. It's just a matter of timing the entry point to go short.

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