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Strategies & Market Trends : Moufassa's Lair

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To: Trumptown who wrote (13272)6/6/2003 3:28:53 PM
From: Joe Smith  Read Replies (1) of 13660
 
I think we need to see how the pre-options expiration sell-off goes. I would look for SP 935 at a sometime in next week or so. Then another rise into the end of the month. My own gut feeling is that we replay January here and make a lower top before heading down for the rest of the Summer. Of course, I may be a contrarian indicator. BTW, I have been long since late february and am still long, just not as long and getting less long all of the time. Another BTW, I first started getting less long at Naz 1485. Anyway, I plan to get back more long after some kind of drop here, maybe as much as 10%.
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