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11/13/06 1:07 PM

#7943 RE: farooq #7940

frq- good for us to know your plan.
now 100% cash.

looking to go long again at lower supports, or short on gap up tomorrow. i think we may get tradable gap-down tomorrow as it stands.

agree higher levels in play. as mentioned i have on occasion learned the hard way that last couple weeks nov are tough to short, or rather are easy to short, and even easier to loose your shirt doing so....

lt, still looking for melt up...though it may or may not happen, it could bypass a correction you speak of altogether and keep moving...

btw- nyse a/d at new highs, and coupled with seasonality could be/maybe signaling more pain, though st anything is really possible

peace

st