...Anyone who knows this song and you're probably over 40. I think I was about 8 when it came out. I've spent alot of hours the past month or so studying the different takes on this market. There are actually astrologists who time the market by reading planet energy (e.g. www.astroecon.com). One guy is projecting a near-term high in late August/early September and another low in early January 2003, so it'll be interesting to see how he does. But other methods such as market cycles and Gann and more conventional technicians and alot of fundamentalists are also projecting alot more downside. Some are projecting a <I>lot more over the next several years</i>. How 'bout the SPX at 300 or the Nasdaq composite below 500?
I sold out my GE and AOL and what a couple of dumb-ass picks those turned out to be. Still holding a small amount of THV that was up about 25% last I checked though that was over a week ago so not sure where it's at now. Currently most in cash with a small stake in a gold/precious metals fund. If we do get a bounce from where we are now I'm planning to put at least 10% in one of the leveraged short funds and maybe just long term short & hold. Anyway, that's the current plan subject to change.
Still haven't started trading options for real though been paper trading. BTW the planet guy I mentioned is predicting a retest of recent lows on Tuesday or Wednesday, then probably up from there supposedly based on a first quarter moon due early Wednesday. Go ahead and laugh because I'm not saying I believe any of this shit either, just something to follow. This is options expiration week so not sure how that affects all this.
I sold out my GE and AOL and what a couple of dumb-ass picks those turned out to be. Still holding a small amount of THV that was up about 25% last I checked though that was over a week ago so not sure where it's at now. Currently most in cash with a small stake in a gold/precious metals fund. If we do get a bounce from where we are now I'm planning to put at least 10% in one of the leveraged short funds and maybe just long term short & hold. Anyway, that's the current plan subject to change.
Still haven't started trading options for real though been paper trading. BTW the planet guy I mentioned is predicting a retest of recent lows on Tuesday or Wednesday, then probably up from there supposedly based on a first quarter moon due early Wednesday. Go ahead and laugh because I'm not saying I believe any of this shit either, just something to follow. This is options expiration week so not sure how that affects all this.
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