Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.58

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Jan 20 4:00 PM EST

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To: d. alexander who wrote (24159)	10/27/1999 3:51:00 PM
From: shasta23	Read Replies (2) of 69913

HI DORO! Thanks for the info which -like everybody seems to agree- is downright confusing. I don't know where the market is going. I just know that this is a high risk situation for a beginner/intermediate like me so i stay mostly on the sidelines. High risk means also high reward but that part might be more for CLINT who loves it when fear creeps in the market and panic drives his favorites down into the bargain bin. I try to learn from him - also in following some keystocks, picked that one up from him - but being comfortable with these situations comes only with time. This is the second correction after last years october that i'm going through and i'm much better prepared this time. Next time it will be even better. SO i might check which stocks i might be interested and try to catch them if there is a shakeout tomorrow. If that's not the case and the market goes up i will have to wait for a pullback which will come. They always do!! Regarding bonds: i use the quote.com freebie and although the stock prices are 15min delayed the index quotes incl bondprices are real time. That's good enough for my level right now. Otherwise no fancy stuff, no L2, no realtick... I know that CLint is actually a tape reader and i can see his point. Try to get better at that but sometimes overwhelm myself with too long of a watchlist. So much for today. BTW PHCM was a nice pick off the 21EMA today. Only traded it on paper and made 7 points so far. Not bad. Will continue paper trading the S&M and then move to 25-50 share test trades to make it more realistic but not dangerous for portfolio. Wish that CLINT, Mattie, Harry et. al would give us their take in these uncertain times. Instead the beginners are speaking...but i guess otherwise it would be so quiet here. TAKE CARE! Stefan

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