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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (11039)	12/8/2003 9:19:48 PM
From: DanZ	Read Replies (1) \| Respond to of 11568

Short 500 DIA at 99.74. I was out all afternoon and couldn't post my fill. This late post shouldn't be a problem because DIA closed at 99.81 and the futures are trading slightly higher this evening. I plan to add up to 1,000 shares to 104 with a stop (mental) of about 105. There is a lot of congestion and resistance between 99 and 104. I think there's a very low probability that the DJIA will be able to break through this congestion area on the first attempt, after falling so dramatically in 2001 and 2002. Then again, anything is possible, but I think that the market will run into trouble here.