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Strategies & Market Trends : Position Trading Forum

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To: Jane4IceCream who wrote (1559)9/14/1998 4:40:00 PM
From: Jim Goodman  Read Replies (1) of 7247
 
good going, since my "PSYCLE sm" also bought the depressed Oil Service stocks near recent lows, in my NL, along with some depressed Golds, and some "Land-based" groups ideas....actually, also added a ton of other oversold issues, techs, consumer stocks, 9/1 to 9/4, after having given out dozens of Puts near July highs in my NL....I am often a bit early, and usually among the first to see future moves, wrong on occasion of course, but I liked the patterns on the "land-based" groups recently, and so far so good....am interested in your style, and was wondering how have you done the last several years....any special "concept" involved in your choices/timing ? My "PSYCLE sm" uses long-existing, repeating patterns, of chart, media, and sentiment behaviors, which have done Real well for years, long-side and short-side...we have close stops, no emotion, and almost no fundamentals....as those are not needed nor helpful, except as contrary indicators at times....I also teach anyone interested how to do what I do....anyway, my Oil Service issues getting a little ahead of themselves here, so not getting greedy, and beginning to lighten up, S.T., FYI....being real careful here still....best wishes,
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