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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (770)	3/14/2003 12:17:53 PM
From: Perspective	Read Replies (1) \| Respond to of 41561

I agree on the longer-term here. The setup just isn't right for significant up. However, I'm looking to E-wave and TA to try to determine a good ditching spot for hedges. I plan to sell off two chunks. The first should go on the next solid push up, probably Wednesday (O'neill follow-through day attempt). I'm happy with the price today, but the time isn't right. These rallies develop that asymmetry in response - up is quick and powerful, down is slow and grudging. So, there's little risk in waiting until days 5-7 to start selling it, and the rewards could be large. The difficult part is timing the next sale - we've had very few decent upside retracements lately. Down tends to just bleed away. If I haven't sold by mid-week next week, somebody kick me. And I need to get that second batch out the door the following week. Maybe I'll put it on my calendar... BC