Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

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To: Clint E. who wrote (20743)	5/11/1999 11:17:00 AM
From: mattie	Read Replies (1) of 68255

Clint, I am still long most my growth stocks I picked up a value prices, but I am short the SP500 and DJIA to hedge equity risk. They are moving nicely today: LGTO looking very healthy at these prices. AOL should be back at 160 soon (perfect double bottom). EMC should also be good for one willing to hold 6 months or so, as is PfE. I don't think the bull/bear advisor readings are indicative of the real sentiment in today's market. So many online traders don't care what some newletter writer says that has underperformed the market for years. I think there has been some real panic in the growth stock traders over the past month or so. I think we may get another run on the nets. Value was created.

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