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

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To: GROUND ZERO™ who wrote (20019)	4/2/1999 11:20:00 AM
From: ken lee	Read Replies (3) of 44573

GZ, sometimes I go over board. No confrontation was intended from this side as well. When I trade, long term positions, 3-6 months, i see things that are usually contrary to the public eye. Here are my reasons for being short presently: 1) interest rates have been rising and will continue over longer term, with short term bounces up. 2) P/E on s&p at all time highes approx. 35 3) net +23 stocks have moved the s&p from oct. lows! (out of 500)over 30%!! 4) earnings have been contracting for 3 qtrs, possibly 4 after 1st qtr numbers come out! 5) Commodities are turning off long term lows. 6) Market has gone parabolic, long term 1990 to present. 7) broke through major long term uptrend during last summer correction and have recently retested it. 8) long term A_D line looks bad. 9) NET inflows of money into equities has been a mere $25 million, yes million from oct lows to feb 15! Smart money is taking money out of US equities, and have been since recent lows. We might see that UP CRASH, if we do short it!! AND HOLD ON FOR THE RIDE OF A LIFETIME!! jlee

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