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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (14310)	8/9/2002 2:52:25 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 17639

Well I now have us making a higher high on the SPX from our high on the 31st by a buck at this point. Combine that with the higher low and I have to stay cash and start pondering a trend change. I can't rationalize why that would happen here other then to suck more longs in only to crush them, but I have to respect what I am seeing. Not respecting has already cost me a buttload of money. Having said that we have made a higher high it would seem after today that a sell off would be in the cards. I will have to buy calls (shudder) if it looks to make a higher bottom. There is your sell short signal:)