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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (49547)5/6/2000 1:25:00 PM
From: GTC Trader  Read Replies (2) | Respond to of 99985
 
Zeev,

Your posts this week have been incredible. Thanks for all of your excellent work.

I appreciate you sharing your long-term view of the market, short-term outlook, as well as your favorite ponies for the long ride. I have printed out copies of all of these posts and also saved .HTM versions of them.

One question: For those of us with the emotional make-up to short, i.e., we failed to put stops in and are very long on long-term "investments" right now !!! : - ( , what DOGS would you recommend to short as the NAZ drops from 3800 to ~3000 over the next couple weeks?

I would really like to balance my portfolio as much as possible in preparation for the possible down-draft, but I don't want to "lock in the losses" on several positions and I can't do covered calls, so shorting dogs looks like my best chance to try to at least break even over the next two weeks so that I will have some dry powder when the bargains are available.

I stuck my toe in with a short on QQQ and DIA, but based on comments you have made previously, some stocks will drop ~50% when the indexes drop ~30%, so looking for true dogs seems like the best approach.

Any input would be greatly appreciated !!! 8 - )

Thanks again!

Still learning -- HB