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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (21702)	11/12/2002 4:04:12 AM
From: crustyoldprospector	Respond to of 36161

Saville is on the money with his comments here about shorting the market: "Similarly, entering the market on the short side following an obvious future confirmation of weakness would also be unlikely to pay large dividends for anyone other than the most nimble of traders. For example, it is quite possible that the October-November rally has ended and the next 'bear leg' has already begun. However, by the time the market definitively confirms this view it will probably be too late to 'short'. This is because it is often impossible to differentiate between a normal pullback within a continuing uptrend and the early stages of a new downtrend. The difference between the two might only become apparent with the benefit of hindsight (e.g., after the market drops to a new low for the year)." This is the thinking that tells me, 'buy June puts and wait for the swoon', rather than look at short-term market signals. 321gold.com