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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (53862)11/29/2004 3:10:48 PM
From: PuddleGlum  Read Replies (1) of 57110
 
What are you doing here today? I thought you got stuck in a snowdrift up there by the lake!

SPX had a hard triple top (not a p&f top) around 1175 in late 2001, early 2002. I figured that once we broke that top our bear market would be over. So, the top was broken a few weeks ago, but I remained in denial. I think short is not the optimal position at this time, other than for a few days or weeks at a time in special situations.

stockcharts.com[PA][D][F1!3!1.67!!2!20]&pref=G
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