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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (1020)	6/22/2008 2:53:26 PM
From: skinowski	Respond to of 3209

Interesting points... I'll need to think it all over. I think it is very likely that the markets will rally soon - don't know about months, but can easily last weeks. On SPX, the line in the sand is very obvious - May top. We'll need to see what the rally will look like. Like BC, I am a "gradualist". Added to short positions Monday and early Tuesday, as SPX rallied to test the low of the presumed 1st wave down since the May top. Covered a lot Friday, will cover more if we see further weakness. Holding some longer term puts - in case my timing is off. Aiming (more than ever) to play longer moves, but peppering them with occasional high probability swings can be sweet.