TIME: 10:00am EST
Commentary:
While we don't believe the correction is over; we do think today's sharp decline will give rise to a correction of several days to several weeks. It will be a countertrend rally, and one that we will sell short again.
We must continually assess the risk-reward profile of the markets; and we have had nearly 600 Dow points lower. While we aren't ready to trade long; we are willing to stand down with our good fortune thus far.
In lieu of that; we want COVER ALL SHORT POSITIONS IN ALL PORTFOLIOS IMMEDIATELY.
Good luck and good trading,
Richard
Message sent: 3/1/2007
Comment from Richard Rhodes
Started by
TTHQ Staff
, Mar 01 2007 10:24 AM
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#1
Posted 01 March 2007 - 10:24 AM