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Strategies & Market Trends : KEEP IT SIMPLE TRADING

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To: mistermj who wrote (288)	4/8/2004 12:43:03 AM
From: Michael Watkins	of 321

Yes and no - I exited the first entry on Friday - was feeling that Monday might well open higher but didn't want to take the over night risk due to geopolitical goings on. That fear proved to me a mistake Gruesome as it is, it seems market is discounting most Iraq news. We'll get a hint of whether that is true on Thursday - if the market closes strong. Still think it might open high and still sell off during the day - perhaps not enough to reverse the entire day. There have to be some other folks a little concerned over what might happen during a Christian holy holiday. The Yes part of the answer - I re-entered long today, at first tentative but literally in the last minute of the day went oversize on QQQ. Partly on instinct I think, I can't credit analysis for that one.

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