Power outages across Eastern seaboard...

wig · 08-14-2003

Depending on what you trade, you may not be able to sell tomorrow.

All I am saying is if we close below the levels i cited earlier, it is a strong sell signal and confirmation to a cycle period when I was anticipating a high.

I am short the S&P futures. I'm looking for a 1-2 month break and potential mini-collapse. In futures, it is worthy of my participation. Someone with a longer time horizon might consider differently.

Although I have nothing riding on it and reserve the right to change my mind, I do not believe the recent high will be the last (assuming i am even right on the drop).

I still think there is a good chance we break hard and recover to one more higher high in this sequence with the high coming no later than early 2004.

If pressed to persuade someone to INVEST for a long term position, it would be in mining stocks and metals.

08-14-2003	#21
wig Members Join Date: Oct 2002 Posts: 1,248	Depending on what you trade, you may not be able to sell tomorrow. All I am saying is if we close below the levels i cited earlier, it is a strong sell signal and confirmation to a cycle period when I was anticipating a high. I am short the S&P futures. I'm looking for a 1-2 month break and potential mini-collapse. In futures, it is worthy of my participation. Someone with a longer time horizon might consider differently. Although I have nothing riding on it and reserve the right to change my mind, I do not believe the recent high will be the last (assuming i am even right on the drop). I still think there is a good chance we break hard and recover to one more higher high in this sequence with the high coming no later than early 2004. If pressed to persuade someone to INVEST for a long term position, it would be in mining stocks and metals.