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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: exp who wrote (33288)	2/25/2002 8:29:29 PM
From: t2	Respond to of 99280

In retrospect, I should have played this bounce from Fri on the long side (instead of staying in cash) as VXN and VIX indicated a bounce but decided to just go for a bigger fish on the short side after the bounce. Also, DOW looked iffy to me at near 10K so I thought upside was limited. That sums it up for a lot of us. 10k was a bit of deterrent to buying more although I did have some of these types of stocks already..should have added more. The other thing that makes it a bit risky is the consumer confidence number tomorrow at 10am. The last was negative and came after some stock market declines; and the market has continued down and this might factor into peoples' sentiment. Consumer confidence seems to be linked to the stock market as well as the real economy. Would you buy on a dip (for a trade) created by a possible weak confidence number? The mutual funds will probably still be buying after any drop. That is my game plan but don't know what to do if confidence number is better than expected. I suppose that could be sign to dump all longs and maybe some shorts on any further lift from the data. jmho