Win Lose or Draw : Be A Steve, Make A Call Message Board

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

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To: Jeffrey S. Lillie who wrote (1286)	2/8/2003 1:41:40 PM
From: byhiselo	Read Replies (3) of 11447

although i'm modestly positioned for a bounce here, i think SPX 900 is way optimistic, in fact a close above 870 by the end of Feb would change the trend to up and trash my expectation of a significant low in march i think a bounce from here will be capped at the falling 13dma: DOW 8100 SPX 855-860 OEX 835 COMPX 1325 NDX 990 at this point, my plan is to sell my long hedges as we approach these levels and add back to shorts, expecting a bust thru the Oct lows in march a close above DOW 8155, SPX 870, and COMPX 1337 would be bullish imo, don't think we do it but open to the possibility, lets see cheers

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