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To: Jack of All Trades who wrote (87887)	12/18/2003 12:43:57 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

62% is near 40.60. I am willing to risk up to a point on this one. Trying to ease in into positions gradually.

To: Jack of All Trades who wrote (87887)	12/18/2003 12:52:52 PM
From: skinowski	Respond to of 209892

SPY's look like they are hugging a slightly uptrending "shelf" all day. Trying to figure out what it means in the wiggles - some sort of an equivalent of a "5", or a 4. Looks vaguely "fourish" to me, but we'll see.

To: Jack of All Trades who wrote (87887)	12/18/2003 12:53:53 PM
From: JRI	Read Replies (1) \| Respond to of 209892

gonna alter the strategy a little here, and double position right below that fork (61,8)..and place stops above...it concides with a couple other levels, and it appears that we need that spike up after this sideways corrective....what is tricky: May mean end of day short, and some nervousness waiting to see if a killer gap up appears.. Gonna hang onto this morn short...essentially, I gave up yesterday profits and am short from here now...I usually trade low % of capital on shorts, and QQQs don't move that quick, so it gives one add'l flexibility to adjust if entry wrong (what others call, "adding to a bad trade" g)