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To: kingfisher who wrote (92592)	7/19/2001 11:49:29 PM
From: isopatch	Respond to of 95453

Kingfisher. Sounds like you had a lot of fun. About 2 wks ago, completed the multi-week process of slowly exiting and taking profits on a lot of positions I'd been working with since early April. That more than doubled my cash reserves. Since then, have cut back my trading, a lot. Believe we put in an Intermediate Term top when the Dow peaked in the mid 11,000s. Have done only a moderate amount of ST trading since. It's really not my thing. In fact, wish I'd passed on a couple of the ones I did do recently.<g> My strategy in a market such as this is to keep higher cash reserves till the evidence points to an Intermediate bottom such the one in late March. Still like the PMs LT. But currently long only partial positions there. Thanks for the Kudos on the NG call we made back in Jan. It was pretty controversial at the time.<g> But making the big contrarian trend change calls always is. And yes, we DO have a lot of fun too. Sometimes think that at least a couple of us are somehow related to the Monty Pythons.<lol> Glad you enjoy that too. On the serious side, have gotton some really appreciative PMs from readers who tell me we saved them huge amounts of money (Hundreds of thousands in the case of one wealthy businessman). Good to hear from you. Best regards, Isopatch