Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (30717)	5/3/2003 8:08:45 AM
From: TheSlowLane	Read Replies (1) of 36161

Frank - yes, Friday was unkind to those who shorted the market this past week (as I did). Especially with those leveraged funds! We'll see how much gas is in the tank but with several indicators in extreme territory (VIX, VXN, bullish consensus, VectorVest's market timing indicator), the signs are consistent with an imminent downturn. I've also noticed over the past year (since I have started using market timing with a portion of the PF) that there tends to be extreme volatility in both directions near market pivot points. So...a 2% up day can be followed by a 2% down day (key reversal?). If you can get the timing right on entrance/exit calls with those leveraged funds the results can be astounding...but nailing those calls consistently can be challenging...at least for some of us...but I'm trying...

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