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To: fedhead who wrote (117328)	8/17/2001 12:06:48 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Anindo...long term, without a doubt it's going lower. I frequently trade around my short positions, using a self-directed IRA to box. When we get an extremely strong downdraft like we had this morning, it's usually a good idea to cover part of the position, and use stops on the rest. The P/C ratio indicates we probably won't go too much lower. Of course, crashes also occur from oversold conditions, but they are rare. I'll "unbox" probably Monday or Tuesday, provided the bounce occurs.