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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (1593)	11/30/1999 10:26:00 AM
From: fut_trade	Read Replies (1) \| Respond to of 19219

Short SPY @ 140 23/32. My reason is that it looks like the Nasdaq Comp is breaking down.

To: Matthew L. Jones who wrote (1593)	11/30/1999 10:43:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Matthew, it does not come down to this: ..<1) Do we go short and go broke in the process? 2) Do we sit on the sideline and watch the market leave us behind? 3) Or do we PRUDENTLY ride the tide with one hand on the ejection lever?>.. --------------------------------------------------- 1) That is why I have successfully utilized the Rydex Series. I can short and not go broke. And get huge long returns as well which I have already proven participating in the largest single up day for the year. 2) At times sitting in cash is more prudent* than being fully invested. 3)Being 100% long is not always prudent because although you have the hand on the ejection handle you deal with emotion of fear of loss vs. desire for gain. It is never that simple when to pull the lever. Best Regards, J.T.