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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Richard Estes who wrote (5412)11/14/1999 10:52:00 PM
From: shasta23  Read Replies (1) of 18137
 
HI RICHARD!

Thought a little bit about your "pure stock" approach.
Some people are looking solely at long positions when the market is going up in their opinion and then switch to shorts when the tide is turning. My question is if you are always using mixed positions since there are always long and short setups coming up in your scanning?
That in itself would be an interesting "indicator" of where the market is going imho.

Thanks for the good suggestions. The sentences:"No doubt the larger market does exert an influence. My point is you see it in your stock if it does or doesn't. It is the stock that counts." makes me think that you are actually looking at the market just not using traditional oversold/overbought indicators as a tool but the behavior of the stocks themselves. Interesting!!

Stefan
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