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Thank you Guy. I have missed your market-direction posts. I had been wondering
if you were still staying in long since clear back in October. So good to hear
something of this nature from you.
Guy Tann wrote:
> Jim G.
>
> FWIW, we went short last night (S&P @ 1265.50). This is our first short
> since 10/1/98.
>
> Our longer term trend is still up so I only took a half position in this
> trade (coward that I am :)). This longer term signal does real well, but
> doesn't call the tops and bottoms as well as the short term signal we traded
> last night (actually 1/6/99 signal date).
>
> After watching the ticker for a while (and being way behind I might add) I
> had to take off for a doctor's appointment (where they sucked out my blood
> again). I'm thinking of installing a tap on one of my arteries just to make
> it easier.
>
> Anyway, that's all from here. We're still awaiting the reversal in our long
> term signal to really go short. This short term signal went short
> originally @1280.20 at the close on 1/6/99. We didn't trade that one
> because our long term signal was still up (from 10/1/98 @994.80).
>
> Haven't looked up where the market closed (March futures), so I have no idea
> if this trade is in the black or red as I write this.
>
> Regards
>
> Guy
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