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Strategies & Market Trends : LastShadow's Position Trading
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To: Susan Saline who wrote (18841)8/5/1999 8:29:00 PM
From: Jeff Jordan  Read Replies (1) of 43080
 
I read Ikes posts...I even spent last weekend going over all the indexes charts...I just had another scenario going on in my mind as to timing and how it might play out...somehow I also started thinking it was Friday? I was definitely not anywhere near my game...I knew we have had an 11% correction and were slightly below supports....I was starting to believe we were perhaps coming into a real correction and started changing my mindset....even when we started to bounce I didn't think it was serious just a flux....I'm still not certain it will continue tomorrow...yes momentum will have carry forward early...but I will be amazed if we rally up until the next Fed meeting and test the next resistance levels....I guess I will continue to trade the overdone...I am going to continue to long/short intraday...if I can concentrate on more than 3 stocks at once....I also got caught up watching some slow movers today like LU....I guess that was a mistake? I love volatile days like today...when I'm prepared....I didn't adjust well today....but I did....Thank god we get another shot at it tomorrow......I considered this an off day for me...yet profitable...I hate leaving money on the table....I do consider that a losing day
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