13 March 2007


The question on everyone's mind, or at least my mind is what happens if at the open tomorrow the S&P futures are sitting (on, just above or just below...you pick) the lows from two weeks ago...what then? It's only nine points lower on the June futures as I type...don't worry about the Dow or our homey the Nasdaq...be sure that if the S&P tanks they will soon follow...so the short answer is if your long, hedge or sell and if you're short cover or at least choose a level to take profits where you won't be kicking yourself for either not making enough or making too little on your "keen" positioning into this selloff...jfg

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