OUTLOOK

The closer we get to new highs (the Dow is something like 100 points away from all-time highs), the more confident I get in my position of overally negativity. I had mentioned in previous posts that short-term, I feel we can make new highs, but longer-term, I am looking to sell...possibly at those new highs.

The way this year has been going, selling the new highs and buying the new lows would have been a great play...I know it sounds obvious, but usually selling highs and buying lows is the BEST way to LOSE money (if you don't know, now you know!) Anyway, in addition to playing the range game, my charts and indicators and gut (the later of which I listen to last) all point down...and only after we reach a certain level of highs in the markets. That time is closing. I am not going to pinpoint it...I am going to have to take some heat, I am sure. But, while keeping my mind open to the fact that I might be dead wrong, I will be getting short for the long-haul sometime in the future.

In the meantime, I do feel we WILL get to those new highs. So...I would have to say, I will be buying small and using close stops. I would like to get some money out of the upside...and afterall, the trend is up short-term..and the trend is my good aquaintance...not my friend though.

Good luck. And feel free to let me be the guinae pig (sp?).

Andy