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Strategies & Market Trends : The Millennium Crash

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To: tekgk who wrote (2038)	1/20/1998 7:42:00 PM
From: GROUND ZERO™	Read Replies (2) of 5676

Hi tekgk, I reversed direction midday. I tried to get into SI to post the change of position, but was unable around 1 pm and after. There was a tight trading range and broke out to the upside about 1:30 pm. I stopped out and went long based on the fork's buy signal given last Monday. It's a little late and I was just going to cover but decided to reverse due to the overall strength in the transports and AD, and suspecting that the rally would be impressive with many shorts still hanging in there. It was a bit daring, but you only live once and I really wanted to be long last week. So far, so good, now I'll see what happens at the fork's resistance point up around 7950. I think that now we'll probably see it. GZ

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