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Strategies & Market Trends : Waiting for the big Kahuna
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To: Sabrejet who wrote (40516)6/5/1999 3:57:00 PM
From: donald sew  Read Replies (1) of 94695
 
Seczebra,

>>>> A wise person once told me, take a standard chart and turn it upside down and reverse. What you see is the other side of the coin. Shorting here would be buying high to over simplify it...! <<<<<

That's an excellant point. Playing devil's advocate, on the other hand, when many thought the internets were at their highs they kept on going significantly. Not trying to argue, since Im actually in your boat - I prefer to short the stuff which are still at their highs like the EXCITING CYCLICALs, but some will argue that the cyclicals are still showing the most strength so why short strength instead of weakness.

Frankly, Im looking at sectors like the cyclicals, semis, S&P, QQQ to short.

seeya
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