INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: Berney who wrote (7129)	10/21/1999 11:44:00 AM
From: MonsieurGonzo	of 11051

TB:" phleet " >I kept the Phleet in port. Just kept looking at that weekly OEX chart with the bearish MACD signal last week, and staring at the long bond rate on the TV, and all the short term indicators at the top, and ... couldn't convince myself that this is an entry point... you made the right decision, Berney. I s'pose that's what I was trying to say the other day. If you were a natural momentum trader, you could jump into the DOW at ~10200 (or anywhere, really) and sense/follow the flow, slide LIMITs and STOPs around. But I know that you are a natural position trader, like me. Neither one of us feels comfortable jumping into the middle of the river (^_^) We're the type of guys who like to jump from one side of the river-bank to the other. Going into index vehicles is enough of a change for you to focus on; it wouldn't be wise for you to change your natural trading style at the same time. You're showing a lot of discipline, level-headedness in this environment, imho. -Steve

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