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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (5464)	3/16/2008 11:00:36 PM
From: tejek	Read Replies (1) \| Respond to of 20435

What are your thoughts for tomorrow, if you don't mind sharing. Well, I trying to figure out that right now. I am watching the Asian markets to see where they go during their trading day. Right now, Hong Kong is hurting the worse but that market is only 30% off its 52 week high whereas the Nikkei is off 50%. Currently, Hong Kong is at its low for the days but it opened only a while ago, the other markets.....taiwan, Shanghai and Korea are off their lows for the day. I think the Nikkei is in between its morning and afternoon sessions and has shown no change over the past hour. Like you, I am 50-60% in cash. The stocks I own are in Ag, Oil and GLD. I am trying to decide whether to take off my stops and then sell them on their first bounce tomorrow morning. I am afraid of a gap down and having them sold at what might be the low of the day. I am particularly worried about GLD because its near its 52 week high. What are your thoughts?