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Strategies & Market Trends : WELCOME TO THE CATHOUSE

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To: Wally Mastroly who wrote (941)	1/3/2001 9:29:23 AM
From: ivan solotaroff	Read Replies (1) of 1065

Wally, Ergo, don't hold cats overnight while this $#itstorm continues to rage. Intraday only; I made a mistake yesterday and got greedy and held on to LU overnight instead of taking a minuscule profit; now I'll probably have to hope for a small loss. APCC's fixing to gap down less than 10%; that's either a sign of strength or disinterest. If it's the former, there's a chance at an intraday long play. You wait for the pattern to emerge (that takes some practice), then play when it breaks out of the pattern, either up (long) or down (short). Usually the BBs will tell you when; the question is knowing how tight to set them and what to follow. The move usually starts with a head-fake in the wrong direction. Ivan

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