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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (13288)	3/6/2008 3:23:44 PM
From: lifeisgood	Read Replies (1) \| Respond to of 19256

Went entirely to cash today after massive profits on shorts and puts over the past 2 weeks. There are a lot of buy triggers under the market lows that will get triggered soon because so many believe in the "double bottom" thesis. That thesis will be disproven in this case IMO but the bounce could be substantial nonetheless (just like in 2001). I plan to reshort on the bounce and if the bounce never materializes, oh well, I'll wait for a tradable bottom. I like high probability set ups and currently we are not in one despite the moderate VIX which suggests more down. best... LIG