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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (3314)	12/11/1997 1:33:00 PM
From: VALUESPEC	Read Replies (1) \| Respond to of 7396

Mark, Us markets were almost at all-time highs and ORCL said asia was hurting them, plus MO said asia was hurting them, Plus JP Morgan said asia was hurting them, Plus Coke said asia (I should have included the dollars strength in most of these examples, too) was hurting them. I think the writing was on the wall for at least a temporary pull-back. However, as you said, who knows waht the markets will do. There is a lot of retirement money going into our markets. When a large enough event happens, maybe US investors will stop contributing so much to retirement/mutual fund acounts. Then the US market could REALLY fall. Until then, play the obvious swings- especially at new highs. I did tell people what I was doing. In fact, I said I was shorting the s&p and quoting what I was doing so much that I started to feel funny obout all my s&p shorting posts. You an read about my shorts before the market fell in here, or "Futures (s&p shorting)" As for what one should do, everyone must trade as they feel comfortable. I'm sure somebody was long on something today and made money. I'm 100% cash right now and out of my s&p short @ 961.00 (bad fill). I'm hoping to pick up some small-cap stocks for a quick trade, but have been too cautious so far. I wouldn't hold stocks overnight, and I wouldn't buy large international companies, especially techs . . . but that's just me :o) VALUESPEC