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

To: Peace who wrote (29463)	9/11/2000 4:27:06 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Hi Peace, I just closed another portion of my USPIX position(short-NDX) and bought a little more UOPIX(long-NDX) to average down on the UOPIX trade I bought on FRIDAY. So right now I basicly have a fully/evenly hedged position with approximately a 150 NDX point divergence where my long position will be flat around 3800, and my short position will be flat around 3650. So now I am not biased in either direction. Keep in mind that I was 80% short last week, so this has been a good week so far. Now Im about 80% in cash and evenly hedged. Now Im quite relieved and will have no problem sleeping tonight.ggggggg I still think the NDX will bounce, but just dont think it will be that strong as I mentioned previously. That 3950-4000 resistance got further away today.