VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (22307)	12/6/2000 3:53:19 PM
From: Jill	Read Replies (1) of 65232

Shaky market still... Well this was an interesting day, Teresa and OJ have a chatroom/site...on the site she posts charts...early in the day she targetted downtrace to exactly where we ended up--guess everybody and their brother esp at the houses do use this hoodoo voodoo of t.a. The naz moves up and down with the futures/spoos...there were buy signals in the morning on various stocks so I tried trading in and out on these signals/futures....in the room OJ talks and anybody else just types their messages...I didn't lose on anything except the crap I held (i.e. jdsu, should've taken profit on my calls when it went up to 71, and was thinking about it, but my old buy and hold mentality still here)...I was pretty cautious, you set tight stops anyway Daytraded QCOM calls also... Now put in a lowball bid for some qcom and cien calls, probaly won't get unless we tank in the next few minutes I think it would be good for me to have a partly long portfolio and partly do this a few days a week. Teresa and OJ and others post charts in the ISpec room--you kind of volley back and forth between the two--and I'm starting to understand these charts It's al ittle bit tedious, not something I'd want to do everyday, but it sure would add up over time. The one good thing is not feeling at the mercy of Mr Market I know its a far different strategy than ltb&h--and it seems a bit schizo to do both probably, but I think one can do both But the point is your entry and exit points are pretty precise this way--it's stuff I can learn by doing/seeing, but I never was able to learn from books

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