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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jan Crawley who wrote (29446)9/11/2000 11:38:57 AM
From: donald sew  Read Replies (3) | Respond to of 42787
 
Jan,

Previously, I was personally very short, around 80% last week, but close almost all of my short positions in my mutual fund. I wished I could have cleared more of the short positions in the WEBSITE but they were a bit too far underwater, and I feel that there is still a fair chance that the market could head lower down the road.

As for my personal mutual fund I have 1 long(UOPIX)position which I got Friday and 2 short(USPIX & URPIX) positions, so basicly Im only very slightly biased to the downside. Feel alot more comfortable than being 80% short.

If I am correct that this rally is a weak one and the NDX unable to break above 3950-4000 range this week, I will be adding to my short positions later this week. If the NDX breaks above 3950-4000, I will have to review the situation again.