Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 662.72

+0.4%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Clint E. who wrote (23706)	9/16/1999 12:52:00 AM
From: shasta23	Read Replies (1) of 68116

HI CLINT! The market had a good down day and the oversea markets suggest further sell off. Right now i'm 100% cash and was paper shorting yesterday. If the negative tone from Japan swaps over to europe the market might gap lower. The question is how would you prepare trading for a market like that? I'm going through my charts a little bit but feel that i don't really know what i should be looking for at this point. During normal market action i'm slowly learning what to look for but these swift changes from bullish to bearish confuse me a bit. I ran a scan of some stocks closing under their 21EMA and a lot of them show huge black candles like ADBE,AMGN,GILD,the semis... Should i look for some stocks that didn't sell off in the hope they now will? but why short the strong ones? Should i look for a long entry points in good stocks hoping for a bounce? -EXDS held nicely above the 75 but if the market sells off it will break again into the low 70s- But then again this could be the beginning of a sharp sell off? So how would you approach a situation like this...if you have time. I have a vague feeling how an answer could look like:wait until the dust settles in the morning because everything else is too risky? but i'm not sure. Did you have a good trip? And btw i was very impressed by your goal of making 400%/y. Was that actually achievable? I know you're good but 400% return just sounds still very far out of reach for me ;-((. Stefan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next