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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.91

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Nov 14 4:00 PM EST

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To: Clint E. who wrote (23987)	10/15/1999 2:13:00 PM
From: d. alexander	Read Replies (1) of 67990

hi Clint; I had gotten completely out (still out) the day before in my usual recent manner (because not quick enough on the uptake) ie. by cutting losses :-( Having noticed, when quickly checking charts in the pm, that there were some brief up-gaps in the am yesterday, I assumed that you got out by selling into those :-) For a few days (1 1/2 so far) am only checking the market after close & not permitting myself "to come out & play" until I've accomplished a thorny task. I had been wondering if yesterday would be similar to 8/27/98 on the Dow, when it had just gone thru its 200 dma. It was quite similar, until the afternoon rally & the up-close instead of at the bottom of the bar. So then I began to wonder about Thomas' double-bottom scenario & decided I had no clear indication to short. If I look, I'm lost, so I'll find out tonight. Probably a big rally. Things never happen quite the same way twice <g> Am still wondering how one goes about fading the open? Dorothy ps oh gosh, I got 24000. That doesn't belong to me

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