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To: At_The_Ask who wrote (62955)1/7/2003 6:57:20 PM
From: The Freep  Read Replies (3) | Respond to of 209892
 
And to follow up your market comment with mine... we actually agree almost exactly, though I have no gold shorts. I can see chopping around for a spell... a marginal new high perhaps... but I think, too, that we're in for some nasty weather, so to speak.

Interestingly (to me, anyway), I was just given charge of Freepmom's portfolio this year, and it has influenced my thinking in many ways, as she has different goals than I do, clearly. But the one incontrovertible thing I decided was that while the market may go up some (or even a little more than some) within the next year or two, I would be STUNNED to find the market hasn't given us some substantially lower prices in that period. The risk of losses far outweighs the potential for gains over the next medium term, and I've already been rebalancing her portfolio with that thought in mind.

the freep



To: At_The_Ask who wrote (62955)1/7/2003 7:08:19 PM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
ATA, isn't that a 180-degree turnaround for you here? Weren't you looking for SPX 1050 a couple of months ago, and even SPX 1000 a few weeks ago, or am I off?



To: At_The_Ask who wrote (62955)1/7/2003 8:19:00 PM
From: mishedlo  Read Replies (1) | Respond to of 209892
 
When he said "run to the hills" I don't think that it was a long term call, it probably meant "go home flat for the day"..ng..

Head for the hills is a sell signal.
It is NOT a day call.
EVER.
It is an intermediate GTF out until a buy signal is given.

That is my belief and if someone can prove otherwise please do so.
M