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Strategies & Market Trends : Z PORTFOLIO

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To: Ron McKinnon who wrote (11112)12/12/2003 12:29:34 PM
From: DanZ  Read Replies (1) of 11568
 
Short 500 VSH at 21.74.

Larry: Regarding your comment on my DIA and QQQ shorts...I don't think that the DJIA will power through 10,000 on the first or second test. Don't forget that a lot of technical damage was done to the long term trend during the bear market. There are also some divergences between various indexes, and cycles calling for a top. Obviously I might be wrong, but I think that I will be able to cover my shorts for a profit. I'd rather short rallies right now then buy dips. One of these times, the dip won't just be a dip. It will turn into a short term disaster.
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