The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Magnatizer who wrote (34495)	3/11/2000 2:25:00 AM
From: Doug R	Read Replies (4) of 79227

David, Well...the SPX negative x-over on the 56er MA/MLR came home to roost on Friday. Even though I'm solidly up for the week, I just had the first red day across all my trading accounts on a daily net basis this year. "The Streak" is over at 47 consecutive positive trading days this year. I really hate it when that happens. I expect to be making some position adjustments next week. Toward Friday's close, when I was confronted with the inevitability of a negative day, I lightened up on CTRX (at a ^#$^%*& loss), added to RMTI and actually put some cash aside. This comes on the heels of the --failure at a profit-- situation with CSDS (initial entry at 4 3/4 and added at 5 3/8 with an exit at 5 1/2) and now the reticence of SWW to trigger the TC that it's sitting on. Fortunately, with a new round of scan hits coming up for the Project I expect that the situation can be properly managed. TGIF, Doug R PS: At least Ivan can stop writing me tickets now...lol.

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