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Re: porter post# 236407

Tuesday, 04/27/2004 3:49:36 PM

Tuesday, April 27, 2004 3:49:36 PM

Post# of 704044
The answer is is the same thing I've been saying for weeks. Prepare for some heavy downside. Take profits in longer term positions and start raising cash. So far this market is doing exactly as I predicted. Earnings are being sold off. Smart money is selling and raising cash going into the June 30th deadline. We've has the opportunity to rally big on great earnings yet we're at risk of breaking support lines. I'd recommend doing more day trading and going home heavy in cash. I'm down to 4 longs and at 80% cash now. I bet I'm right.

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