uckfayu (November 30, 1999 at 12:00 am)

No problem my friend. I have a feeling we will see some kind of a bounce sometime in the next few weeks, but if it does not bring us back to 1150 on the S&P, and heads back down I'd say we're going down hard. If it does bring us back to that level and 10, 700 on the DJIA, then I'd say its safe to go long. My bet is it won't, and maybe we'll get 2% below those levels and then reverse hard, and for quite a while.

alexnason (November 30, 1999 at 12:00 am)

thank you for your concern. you may be right. i am one step away from hedging myself neutral. good luck with your trading!

alexnason (November 30, 1999 at 12:00 am)

i think I am going to hedge on the bounce.

uckfayu (November 30, 1999 at 12:00 am)

Alex, your continuing to be determined to stay long may just blow up your account when all is said and done. Play what the market shows you, and now its showing a downtrend that may be incredibly powerful and long lasting.

alexnason (November 30, 1999 at 12:00 am)

Every problem is an opportunity in disguise.

keitheeds (November 30, 1999 at 12:00 am)

i like the tax strategy