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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (1289)	3/18/2001 8:02:50 PM
From: Shack	Read Replies (1) \| Respond to of 5144

Shaw, that is a tough question to answer. I am staying 80% cash and 20% puts until I see a CLEAR signal of a turn. Everyone and their mother is expecting a rally so i am not sure when it will come. After reading the papers this weekend, I still think there is too much bullishness in non-tech. That is where my puts are. I will daytrade tech on the short side until it doesn't work anymore. Then I will start taking some April/May call positions with 30% of my cash and daytrade on the long side with very few overnight holds. The only way to minimize risk is to cash out at the end of the day.

To: Shaw who wrote (1289)	3/18/2001 8:18:17 PM
From: Cush	Read Replies (1) \| Respond to of 5144

Hey Shaw. You wouldn't want know what my allocation is, except to know what not to do, and I don't want to think about it. This remains, IMO, an extremely dangerous market in which to be long but that's what I am. With everyone poised to sell into any rally, it seems hard to imagine much of a rally at all, let alone a sustained one. Perhaps that's a good sign. ;o) At times over the past few weeks, I've thought we might be about to rally as I sensed in the market a build-up of buying pressure. Then someone would drop another bomb on it. With whatever Fed move we get this week, there may be a decent relief rally just because the world will know, for one day at least, what old fud-stick is doing. Better to know, than this uncertainty that I think he likes to perpetuate. If a decent rally starts, and the market isn't blind-sided by something unexpected, I think we could recover some Nasdaq numbers relatively quickly. IMO, equilibrium on the Nasdaq should be at least somewhere above 2500. So, I'll be continuing to look long, with caution. Cush