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Strategies & Market Trends : Rande Is . . . HOME

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To: Jane4IceCream who wrote (43645)	12/15/2000 10:57:43 PM
From: ~digs	Read Replies (1) of 57584

the way i see it... those dml plays are strictly for guidance and it is not a tell-all 'indicator.' i would not base my timing on this concept alone furthermore, i have seen the definition of dml vary quite a bit since it was first introduced. My idea of it is that the first day of a dml is always the day after a cycle low/high with reversal occurring sometime during the 4th day. So we had 4dml long on dec 1st... and 4dml short beginning on tuesday the 12th. The gap up on wednesday was a convenient place to sell/short due to gore's concession... nothing more... an upward bounce within the new 15 min downtrend. i covered all shorts this morning and went long several high flyers at 14:00. notice the compx headfake towards intraday lows at about 13:55... you'll see a lot of stocks with a spike in that direction too... just before they left the gate. Rande in response to your question: i've been doing very well since i started trading again at the beg of nov. Have made about 75 trades... about 2/3 of which have been short. My success rate is about 30%... (stopping out and selling at a small loss about 70% of the time) i try to let the winners ride but sometimes take profits too early (a fault i can definitely deal with given this market). Aside from a conscious effort to cut down on all the various forms of trader 'noise' (turning off cnbc, reading the message boards after hours, avoiding IRC, etc), TA has been the key for me... i studied it all summer long while watching from the sidelines. Kevin Shea has been a big help. Thank you kevin... i am back on track (again). I won't share my % return anymore cuz for some unknown reason... it is like a jinx when i do. :-) "Pride cometh before the fall" i suppose. Sorry i didn't mention all this during trading hours regarding dml... but i am long for the time being... the buy programs that went on this afternoon were obvious IMO. Of course i will reassess the entire situation on monday. have a good weekend everybody, dave btw, Nasdaq volume today: 2.78 billion. Nuthing to scoff at...

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