Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 683.04

-0.1%

Dec 9 4:00 PM EST

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To: Dr. Stoxx who wrote (7121)	5/17/2000 5:03:00 PM
From: smchan	Read Replies (2) of 39683

SAWS! I love the 13m chart too... consider it added to my daily basket. Today was a great day of trading... it was the first day (or I should say afternoon) that I went full blast on my 13m charts using 15p and 5p crossovers. Keep in mind that I locked in profits just before the markets sold off rather than sticking to the crossover signals for an exit. (All entries were on crossovers, however.) BVSN long 46 7/8, out 47 7/8 and 48, +1 1/16 (partial fills) GNET long 43 3/4, out 45 1/4, +1 1/2 EMLX long 52 1/8, out 52 3/4, +5/8 I played 200 shares each and got roughly a 3% return on my investment. Wish I could do that every day. :-) EMLX was looking particularly strong at one point and I just knew I was going to get a least a couple points from it. GNET held up despite the pre-close sell off, so I'm watching it for a possible gapper in the morning. Not sure if it will or not; just trying to learn some general market behaviors. Too bad I didn't play the CMGI short I called this morning. :-( Sam

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