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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 680.28-0.5%4:00 PM EST

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To: Johnny Canuck who wrote (17410)7/30/1998 11:40:00 PM
From: Clint E.  Read Replies (2) of 68479
 
Hello Harry.

>>>My general feeling is that there will be more money to be made on the short side then the long side for the the next few weeks.

I am glad that you state this on an up day. I agree. We haven't seen the bottom yet.

One weekly trading pattern that could be developing is to short stocks on Monday morning, cover on Wed. afternoon, buy on Thurs. morning and sell on Friday.

>>>I don't know how people are surviving in places like Texas though.

It is not that bad. Only those who must work outside suffer but in general I don't know what all the fuss is about since most people have A/C at home, in their automobiles, and place of work. Twenty five years ago, I lived in my hometown where the average temperature during the Summer was ~45 degrees C without access to central A/C. Of course, I don't leave there anymore but I am going back for a month visit next Aug. It will be interesting to see how my spoiled nature will survive over there!

Clint
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