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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 685.33+1.1%4:00 PM EST

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To: shasta23 who wrote (24166)10/28/1999 2:09:00 PM
From: d. alexander  Read Replies (1) of 69921
 
Stefan; I know I learn from reading your posts!

What Harry mentioned

>>>One of the goals of this thread early on was to promote the expression of one's trading psychology.

& you also brought up about temperament has me thinking quite a lot. Today e.g. (& VBG) I was thinking, hey, this may be a market for my temperament. Then there's that other thing that happens reading the thread - I really get very bashful about certain inadequacies (which can be related to temperament), inexperience etc. & sometimes even feel like not looking so I won't feel so..deficient.

Maybe that's also related to whether or not one is doing fairly well & since about May (ouch) my equity has been making lower highs & lower lows. (Am still ahead for the year)

In a strange way, your drawbacks can also work in your favor. I take a lot of risks. Well, I'm optimistic :-) and Bank One is cheering me up today. I seem to be doing ok with my bottoming scan.

Thot you might be interested in this re: the near term, which rather keys in with Harry's comments.

For morning of 10/28/99: Between the favorable seasonality of late October/early November and the high OEX put/call volume ratio, this is a relatively "safe" period for the market. Although explosive gains are not promised, declines and drops are less likely to happen and will be muted for the short-term. The market timing model has the chance of the OEX (683.82) breaking below 670 within the next two weeks at zero percent right now. On the flip side, 710 is only 10 percent likely to be broken either.

But then what Clint does seems to grab the ebb & flow so perfectly. It's certainly the stocks, but doesn't do you a darn bit of good if you don't hit them right!

Dorothy
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