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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (15455)2/12/1999 2:06:00 PM
From: Tom Trader  Read Replies (3) of 44573
 
GZ, you did the right thing in bailing out of the shorts yesterday

Based on the forks, what level do you see as being the area of support which if penetrated, will argue for lower prices?

BTW, after exiting 2/3rds of my trading positions in stocks over the past 2 or 3 weeks, I liquidated almost all of what was left of my longs yesterday into strength and bailed on the rest today -- though not at the best price. So other than investment positions -- I am now 100% in cash or t-bills. I had set myself the 15th as the deadline for being out of everything but with the break in the bonds today, I decided that I'd get out while the going was good.
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