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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (3148)	3/24/2004 12:31:43 PM
From: Michael Watkins	Read Replies (1) of 12410

Notice how we went through a long period of almost bad news and the stocks were still bought.... and now we get almost bad news and every ones selling.....? I think there's a useful line in the sand today. So far its playing out to the upside after a nice test of bottom on the 45M. I've put about 1/2 of my cash to work this morning on SP and Nasdaq ETF longs in retirement accounts. Damn Canadian government won't let individuals short in retirement accounts sadly so I'm frequently close to or all cash. Pretty hard to take for a regular seller like me ;-)

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