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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call
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To: westpacific who wrote (3882)2/25/2003 7:14:42 PM
From: Paul A  Read Replies (1) of 11447
 
howdy Wp- It seems the last few weeks, all the manipulators have been firing on all cylinders.. I think at this point it might be wise to set those solid stops and just accept what happens in the short term before reality hits over the long haul.. Its painfully clear that they have plenty of resources, and will keep this ship afloat as long as possible..

I was sitting on some sizeable profits today and just have to roll with the punches if the stops start triggering tomorrow.. My strategy at this point is to just keep taking break even/small loses and re-establishing positions even if at lower prices if necessary and when we do get a big 'flush' it will be well worth the hassle of surfing the volatility..

I had some buy stops in to catch some momo-stocks near the close but removed them.. My only remaining bearish thought at this point is that if we fail to rally tomorrow it could cause serious capitulation on the downside..

right now- despite my short stance, I think this market rallies.. and not just a one-two day wonder.. Hope im wrong, but if im nervous im sure quite a number of shorts are viewing it as a covering event rather than average up : )

Its like a cliff hanger!!!
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