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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (19308)2/23/1999 7:20:00 AM
From: Ron McKinnon  Read Replies (2) of 53068
 
market, gut feel

huge gains yesterday but in a narrow spectrum of names

the A/D line and new highs/lows suggests that this is not as broad a move as one might think
also, the volume was on the light side

Greenie speaks today, don't expect much

I am still very much in a trading mode vs an investment one

based on the dow am going into cash as it gets over 9400 or under 9200; maybe 10-20% cash for each 100 point move +/- the 9300 level

right now am about 55% cash, 20% short, 35% long holds

expect continued volitility especially in the big cap "generals"

small caps are in their 5 year do nothing status

for a trader this has been as good as it gets for many months now; see no reason for it to change

be nimble, be quick; stay focused; don't chase anything; plenty of good trades for those who wait
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