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Strategies & Market Trends : TA setups-ex th traders
DIA 475.01-0.3%Oct 30 5:00 PM EST

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To: tom pope who wrote (7670)7/31/2006 11:22:54 PM
From: robb3267  Read Replies (1) of 7682
 
Hi Tom...have been long some of the defensive groups (Reits, Utilities, Banks, and selected commodities in my IRA) but quite light in general on the long side. Continuing to short some of the setups off my short side list.

I suspect once this counter trend move up is complete we'll see another leg to the downside as my scans continue to show many wide and loose patterns which typically is not a great environment for position holds in beta sectors.

Robb
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