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Zeev Hed

03/25/04 6:38 PM

#223301 RE: eap #222968

I actually misread to day's events. I expected the run to 1940 alright, and just before I left this morning we exceeded that level but not to incite me to deploy, so I ended up with 44% cash, if that run is for real (Maginot line at 1983) then I am a little underexposed. My plan, however is to assume it is just a robust ramp within a downtrend. I just came in, so I had no time to review the data yet, this opinion may change by the time I finish looking these up.