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Re: [RT] SPX long term



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I'm sorry for this lengthy reply, but it's tough to develop a cogent argument
without being wordy.



Ralph,
     So far I'm assuming you are already long and Dorothy is looking for a place to short. My question to each of you is this:

Ralph - What are your #'s on the DOW, S&P, and NASDAQ which would invalidate your long bias of the market? In other words, what are your uncle #'s? 

Dorothy - I think you have a # in mind for a short in the near term. What are the #'s on the DOW, S&P, and NASDAQ which would cause you to forget your near term short and force you to reverse into to a long position or set a higher target for a shorting opportunity?

Lenny






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