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

To: LastShadow who wrote (6344)	1/14/1999 9:09:00 AM
From: Dave Shares	Respond to of 43080

MATH Will gap on news RE: Amazon. Keep an eye on it. LS, I agree that this market is due to fall. Having said that, I am a terrible market timer and so it may rise some more. I manage IRAs for my parents, and I suffered terrible losses in the last correction, some very bad management on my part. I have closed most of their positions, as I do not want to see this happen again. I will re-enter when I feel more confident. If I miss some gains, so be it. I do not see irrational exuberance in the pre-open as of now, the gaps are not what they have been on similar futures being up days. I don't know what to make of this, but I would strongly advise not going long for the first hour until things are more clear - I will possibly short some of the gappers at the open - that in and of itself may be a signal to the rest of you to buy. David