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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (70421)	4/4/2003 2:55:49 PM
From: reaper	Read Replies (1) of 209892

well, i don't know if everybody is long, but it seems like many are. i am even modestly net long (short a bunch of individual names; long QQQ and SPY plus a couple stocks to try to be at least modesly close to market neutral) as i respect the "Big C". i just think the "Naz rallies 100 on Saddam death / capture" is too simple and pat. there are very few people who think Saddam is alive right now, and those who do think he's still breathing think he'll be captured inside of a fortnight. since the market always does what we least expect it to do, a gap and crap into Precter's epicenter wave upon the 'end' of the 'war' would surprise the most people. meanwhile, carp like Cerner, Affy and Ruby keep blowing up every day, so there's no shortage of opportunity on the short side.... Cheers

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