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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Softechie who wrote (1212)2/7/2003 4:20:58 PM
From: t2  Read Replies (1) of 11447
 
softie, Staying 100% short. I had planned to unload some shorts but decided against it late in the day.

This market is no going anywhere but down near term...a war rally is not near yet (and the war is not either). You can bet many professionals are getting a bit worried about just such an that could lead to a huge one days surge. I am betting they are closing a lot shorts.

1300 will be a big hurdle on the upside....considering the number of days it took to break below.

btw--those Rydex numbers saying we could a bigger surge in short funds before the bear comes to an end.
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