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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.27

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Dec 26 4:00 PM EST

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To: Johnny Canuck who wrote (40044)	8/14/2003 9:46:08 AM
From: Bill Cotter	Read Replies (4) of 69263

Hi Harry; I have been reading a lot of 'doom and gloom' lately from people that have had a good track record. It is hard to know what to do. I am heavy into techs (intermediate to long term) and have never had much success shorting. Are you short anything right now? Quoting from an interview with Jimmy Rogers; "Rogers: In my view, yes, the bond market -- the bull market we started in 1981 is over now. There will be rallies. The reason I covered my shorts is that I'm expecting a rally - maybe a very nice substantial rally but I expect to sell the bond market rally because I think that the bond market rally has come to an end. This is going to cause enormous dislocations in many other markets. I'm short Fanny Mae, (NYSE:FNM - News) for instance. FNM will be a $5 stock before it's over. There are going to be huge dislocations because there has been so much credit and so many derivatives built up in the past five, ten years that we've had this explosive bull market in paper, if you will." Fanny Mae (FNM) is currently 62.42. Here is the full text of the interview; biz.yahoo.com

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