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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey Lee who wrote (3577)12/2/1998 10:46:00 PM
From: LastShadow  Read Replies (2) | Respond to of 43080
 
I don't know what the post was, but today was a good one for holding mutual funds at least one more day tomorrow will again be telling, but tomorrow's preopen futures could be the start of a minor pullback. The near term analysis doesn't predict a sharp downturn - more of a broad softening and horizontal correction through the end of the week. If the market does tank tomorrow, then Friday should be an up day and the one to move the funds on.

lastshadow



To: Jeffrey Lee who wrote (3577)12/2/1998 10:54:00 PM
From: AlienTech  Respond to of 43080
 
>>From my perspective it does, but I readily defer to the
more experienced. <<

Well I am still waiting for the DOW to hit 6500 to sell the house and jump in. I know it will since my estimed analyists Ralph acompra said so. But if it dosent happen any time soon I will get back in after the SPX bounces of 1155 or at 1120. This is a fight between the money machines and the speculators for survival. Neither really cares what we do or what happens to us.

But looking at the OI in the SPX calls, you know someone sure is hurting real bad.

edreyfus.com



To: Jeffrey Lee who wrote (3577)12/2/1998 11:10:00 PM
From: Thomas Sterner  Read Replies (2) | Respond to of 43080
 
<<At this hour, the futures look horrendous, Asia's off to very poor start>>

Yes, but at least Greece and Turkey are up. Seriously though,
I am 70% in cash wishing I were 100%.

Good luck to everyone tomorrow. It looks ugly right now.

Tom