The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: DebtBomb who wrote (88815)	11/9/2007 12:55:23 PM
From: Perspective	Read Replies (1) of 110194

You're certainly correct about the longer term. We've barely scratched the surface here. NDX hasn't even tested the ascending wedge it broke out of months ago yet. However, markets rarely go in a straight line, so that's probably not the odds bet here. I will be patient, and look to sell my long hedge next week, hoping for a short covering rally of some duration leading into options expiration. Whatever happens, I need to undo my present short finance/long tech position, because it's way too crowded in this boat... BC

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