Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (49676)	5/8/2004 4:13:16 PM
From: energyplay	Read Replies (1) of 74559

Now about 10% cash and 10% long puts....so net about 60% long. One characteristic of long bear markets are slow long declines puntuated by short, sharp rallies. Drop 25% in 6 months, then up 11% in 5 days.... The sharpest rallies occur during long market declines. The USD has been dropping for a long time, and is likle to fall a lot more. The steepness of this dollar rally actually tends to confirm the bearish view. Congrats to Taikun, Spotted Cat, Jay, Malcolm and AC - anytime you can avoid one of these spikes then ease back into positions when they are going up (maybe at better prices) you come out way ahead long term. As for me, well one trading account was up 10% on Wednesday vs. last week then back down by Friday for a net gain of about 0.5 %.....my broker made more than me this week.

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