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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Sabrejet who wrote (40516)	6/5/1999 3:57:00 PM
From: donald sew	Read Replies (1) \| Respond to of 94695

Seczebra, >>>> A wise person once told me, take a standard chart and turn it upside down and reverse. What you see is the other side of the coin. Shorting here would be buying high to over simplify it...! <<<<< That's an excellant point. Playing devil's advocate, on the other hand, when many thought the internets were at their highs they kept on going significantly. Not trying to argue, since Im actually in your boat - I prefer to short the stuff which are still at their highs like the EXCITING CYCLICALs, but some will argue that the cyclicals are still showing the most strength so why short strength instead of weakness. Frankly, Im looking at sectors like the cyclicals, semis, S&P, QQQ to short. seeya

To: Sabrejet who wrote (40516)	6/6/1999 3:00:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 94695

The issue I shorted is near it's high. It showed amazing strength throughout this selloff but my system gave a short signal 2 days ago and I missed the trade by 1/4 point or 5 minutes. It fell 10% then bounced back up Friday. I shorted it at the close as I believe that the chances of it at least having to form a double bottom, or that it may be falling late in relation to the others because money is moving out taking earlier gains to buy the beaten down stocks that are now on sale. You may be right but I show a mixed market that cango either way and I have found I make more money being short than long most of the time. Especially when this rally was on light volume and only on selective issues. Good Luck, Lee