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To: westpacific who wrote (5276)	1/13/2010 11:34:35 AM
From: Rarebird	Read Replies (1) of 26251

I see no compelling trades at the present time. I may go short at 1162 SPX. Otherwise, the best opportunities will be on the short side in late August for a 3.5 month hold (SKF). Second week of May will be OK for short sales, but I wouldn't hold short positions for more than a month. Market is overvalued, but not outrageously so yet. Risk is to 343 on SPX. Reward is inconsequential in comparison to risk. Anyone who is long SPX here is gambling - though short term is favorable.

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