MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.70

+0.7%

Jan 5 4:00 PM EST

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To: Monty Lenard who wrote (42995)	3/14/2000 5:24:00 PM
From: dennis michael patterson	of 99985

you are correct of course, it was not a "panic" in terms of volume. But the vlocity really picked up in the last hour. Anyway, I could get creamed tomorrow on these prices. I use the Cramer trading strategy. I sell on the way up, and I buy every 10 points down on the corrections. In corrections, I will use 50 percent margin. Never more. That is to say, I will max out-- stop buying -- when 1/2 of my margin power has been used up. I almost never use margin on the way up-- except intraday. I have traded this way for 2 years, and it works for me.I also think certain folks on this board are good indicators. But enough on that!

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