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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (66643)10/10/2003 9:26:27 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
I don't know what this market is going to do next week, or even before the day is
out..my guess was we would gap up some this morning based on the last 30
min of trading yesterday..it's about all I can do right now to make a halfassed
guess on very short term moves..and I don't get all of them right..hell I missed
3 in a row last week, but I backed out real fast.
----
You know what you said yesterday Have Fun that sort of hits the mark with me..
I tend to think longer term bearish but I know how silly the market can get, and
the way I'm now betting don't make or lose a lot of money, like every thing is
hedged I go long or short on the short term signals I think I see..but the bets
are insured aginst any big loss, and that also costs me on the profit side.
It's like deductale insurance I pay for the first $1 move if I get on wrong
side of fence with a big move' but the options get the rest.
----
I guess what I'm saying is I just don't know what this market is going
to do..my ISP is acting up this morning, we had a big thunder storm
last night and the phone lines got out of wack ( again )
So I may try to close my long early and sit things out.
Any way futures are mixed this morning.
Jim