America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: robin 187 who wrote (31308)	9/23/1999 4:13:00 AM
From: Teresa Lo	Read Replies (1) of 41369

"What trend are we currently in? I haven't traded for the last month and a half because I've felt that we're near the top on the current trend, determined to not buy at the high.... but, I'm no closer to feeling certain that we've started the down trend to initiate shorts (I'm not speaking about AOL in particular) than I was a month ago." It seems to me that everyone else is in the same boat because the market indices have been basically going sideways for months on end. I think what a stock trader needs to do is to focus on a specific set of stocks and just trade what is on the screen. In a rolling type of top as we have seen on the S&P, the sectors within are not moving together to produce the net zero effect. For example, the internet stocks were in a huge downtrend for months while the market moved sideways, so if you were trading the nets, you would have had a short bias for a long time. In June the semis, SOX index, picked up up steam and those were great trades to the long side. Now the top is rolling around for the broader market and we'll just have to wait and see what happens...I'm just worried that the market will go down in one clunk, and soon. But we can't win them all, can we? Teresa

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