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Re: caprice_87 post# 335117

Wednesday, 12/15/2004 10:25:11 PM

Wednesday, December 15, 2004 10:25:11 PM

Post# of 704019
Not waiting for 1940 (that was a maginot line, not a target, the target is still the mid 2000). The point is capital preservation, when my model indicates danger of a strong retrenchment, exposure is reduced, when the model indicates "clear sailing", exposure is increased. Right now cash is at 42%, indicating caution (thus my neutral position, with a slight bullish leaning, since I still expect much higher prices by late January).

AZH

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