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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Clint E. who wrote (25829)	3/30/2000 2:33:00 AM
From: Johnny Canuck	Read Replies (1) of 68330

Hi Clint, >>Perhaps that's what I should do from now on, play it >>every two weeks instead of two months. I'll think about >>that. For now, I'll hold instead of running scared >>because of what AC said. Will try to unload in the next >>up cycle in April When it gets volatile like this I am not sure that you can do timed restricted trades. I think you need to use price targets as dictated by support/resistance. At least if you set the orders before you leave for work, you will get taken out automatically with a fixed profit/loss. In the past when I was almost 100 percent investment minded, I would simply stand aside till more stability entered the market and a trend developed realizing that the long term trend is still up. It can lead to some spectacular short term losses and sometimes total write offs though, so one has to have the stomach and the cash to survive the down draft. Most true bear markets statistically last about 18 months. The psychology for the techs changed today I think. The volume was low due to the fact that most people were in shock and expected it to comeback as in the past. The follow though or lack there of will tell the direction tomorrow. Like you most people I expect will be selling the rallies. They will need the money to pay the taxes on last years gains and depending on how the press spins this the panic can be contained and all out. Can anyone report on how the TV press is portraying this tonight?

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