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As they say, its hard being a contrarian (ask Steve K.).
Anyway, we are reversing or have reversed our positions and are going long
this morning even in the face of the wonderful fall of the Nasdaq.
We got into our shorts a little early, as we were trading against our
Intermediate Term Signal at the time (always a worry) and didn't get the
sell confirmation until a week ago. Sort of wished we waited. :)
Anyway, with the last several days, the trades were all profitable and we're
now reversing and going long. Our 90 year old guru in the corner office
(actually the virtual corner office) had calculated a target of 12040 for
the Dow and 1450 for the S&P on 12/8/99. We'll see what happens.
Like I always say, I just would like to think that we will catch the big one
when it happens.
Good luck to all,
Guy
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