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

To: Jeff who wrote (63394)	5/7/2002 8:54:12 PM
From: 4rthofjuly007	Read Replies (1) \| Respond to of 99280

I take it that you did not cover?<g> After being short since comp 2000, and adding at 1880, I covered at 1650. I have started going long. Last Thursday and today. I trade Rydex dynamic funds. I think that we may have enough shorts looking to pounce on rallies and enough nervous longs selling into them to get a nice rally going that breaks the current IT downtrend and last longer than many think. Might keep vix at moderate levels as well. Of course, I have no problem selling if I am wrong. I do think that whenever we do hit out IT bottom, the subsequent rally should be shorted as I also feel that the larger trend is down and will remain so for at least another year. But bear market rallies can sneak up and last a longer than you think that they will and breach resistance and double tops. Just look at Japan over the last 10 years. I am looking forward to the COT report to see what the truly smart money is doing.