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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (41640)7/14/1999 5:12:00 AM
From: Skeet Shipman  Read Replies (1) of 94695
 
Bill,
I have the broken wood gambler's chip, which will hold together until it hits the floor. That way I get an S&P/DOW direction which can be different from the techs. I stay with the direction until it breaks my filter level(stop loss). Then I flip again. For an interim term trader this works as good as any FA, TA, or neural network (computer or human). You will be in the right direction most of the time! If I was smart I would follow it all the time. Instead, I try to pick tops, bottoms and breakouts to play inexpensive options. Its more challenging and less rewarding! Yet, I don't change direction nearly as often as most of the TA players do. (Stock Market 101)
Skeet

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