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Strategies & Market Trends : SPARKY'S CORNER
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To: Daveyk who wrote (3611)9/8/1998 9:35:00 PM
From: James Wright  Read Replies (2) of 4142
 
I covered all of my short positions on the market open this morning based on the strong S&P futures number. Although I gave up some gains on the gap ups which happened nearly across the board when the day began, overall I was able to walk away with about a 40% gain in my non-IRA portfolio by going short a month or so ago.

Bruce, I think you may have come too late to the party with your recent short.

Now question is whether we've begun a solid up trend or is this setting us up for another big drop. Any thoughts?

-- Jim
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