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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: TimeToMakeTheInvs who wrote (47464)	9/14/2003 1:44:46 AM
From: PuddleGlum	Read Replies (1) \| Respond to of 57110

Tim, I'll make a weak bullish case here. 1. 9, 42, and 189 DMA are rising for SPX. That spells uptrend. 2. I suspect that a lot of folks out there have large cash and/or short positions. I'm ready to buy a decent pullback. I'm even ready to buy and sell some stuff come Monday. I made some brutal forays into the short selling arena over the last few months, but withdrew each time after the pain passed my threshold. So now I'm about 50% cash, and wanting to reduce that cash position at an opportune time. We may well have some more short term upside before such an opportune time arises. On the slightly bearish side, I heard that unemployment in San Jose is near 10%. Some folks are going to have to let go of their houses if that rate keeps up, but my commute experience continues to tell me that lots of people have jobs.