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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (7834)	11/13/1997 11:44:00 PM
From: Joan Osland Graffius	Respond to of 18056

Mohan, >>Talk about speed rally! But this time, I will get out of the way if the DOW tops 7750 and re-establish shorts later. I may go slectively long, though! I have stops on my stock shorts 1/8 of a point above there last rally point and will move these down as the rally points occur. My hedges like SPY, etc. I will close them if the S&P rallys above 950 and DOW above 7800. I am going to give this market plenty of volitity. I do have a couple of shorts that have been in a free fall, RMBS and AMZN and am waiting for a rally point above the all time high to get a sense for some stops.:-) I will go long selectively on some stocks if they show a basing period and demonstrate a breakout. I have not been searching to hard for these stocks - yet.:-) Joan