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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (14129)	11/13/1997 8:50:00 AM
From: MonsieurGonzo	Respond to of 50167

Lisa, at this point, I'm just looking for support levels on the traditionally strong companies (on the long side) - but honestly, I've been selling (short) into any kind of strength since last Wednesday, when I bit the bullet and started liquidating my portfolio. I feel like the market is moving the stocks, rather than the other way around. As a consequence, I am now focused on simply selling the market indices at any re-tracement to strength; ie., when the DJIA rallies and then fails to surpass 7600, and then when it rallied and failed to surpass 7500 yesterday, for example. I like to hold equities long, Lisa - but somehow I feel more comfortable shorting (or buying PUTs) on the index, rather than doing the same in stocks. What have you been doing with your $$$ in the past two weeks ? -Steve