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Pastimes : The Big Tex House of Coin

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To: ChrisJP who wrote (16640)	1/13/2001 2:51:10 PM
From: Jeff	Read Replies (2) of 19297

Don't overlook the fact that the challenge for some of us is that we're kind of "busy" during market hours, lol, and real time trading chat rooms, and other ways to quickly share information and spot movers are not an option to us. Trust me, its a real disadvantage ! lol well chris.......i don't use real time chat.....and seldom do i takes picks off of other threads......i find all my own way in advance of any moves......and i post em BEFORE things happen...... which in fact is the only way to play for those who don't have the time to follow the markets intraday....... i posted that list on dec 29......everybody had plenty of time to get in those stocks......i also have been saying for two years now......" do your homework in november and december.....get rich in january".....its that simple...... last year i called 20 to 100 baggers on their bottoms......this year my kmart list........all way ahead of any moves...... i'm daytrading more this year also.....so i'm not posting those quick plays.......but i showed everybody how to do it with sar hits.....tracking the support and resistance lines on intraday charts on the nasdaq and spx and trading off of them with high flyers that move in line with those indices.....no need to get picks off the boards by folks who have no clue.....they just have stock they want to dump on anybody who will listen......plus they have pm groups who load up and then post on the thread to get clueless lurkers to buy while they sell....... you can do it all yourself if you take the time to learn charting......and just get to know a few stocks that move with the market.....and play them on intraday moves with the nasdaq and spx trendlines......its a constant money machine you can count on...... or you can try and chase everything thats moving.....and get burned on more than you make out on.......its each person's choice...... if you can see a move coming days in advance.....and plan for it......on that day if it works out.....you get the jump on everybody....... the other day i called the 2700 line a great short if it hits and stops there..... Message 15156408 well......it did......and like i said yesterday.....i shorted off it.....why.....because i could see it coming...and had plans made in advance if it happened...... Message 15174047 just like my b2b post made the night before the action.....said i would buy these on morning weakness......well.....there was morning weakness...... Message 15159956 Message 15161711 ARBA fell to 41.....ran to 47..... CMRC fell to 21..... ran to 25 PPRO fell to 16..... ran to 18 plus... VNTR 1.06 to over 2.00 BFRE 1.75 TO 2.12 STRX did bounce OPTV.....10 TO 13 IATV...4.25 TO 5 1/2 and while others were trying to find the bottom.....looking for that big selloff.....or double bottom.....i looked for something few would even think of.....a head and shoulders bottom......and i called it a week before it happened.....and it did form at 2288...2251...2299.....from which a short rally started.....first 3 up days on nasdaq since august...... Message 15116031 the whole point is this...... if you go into each day just looking for plays that day and are shooting from the hip......chances are you will shoot yourself in the foot many times by having no plan to guide you...... but with making plans in advance.....and looking at all angles......you go into each day looking for certain things.....if you see them as planned...you beat the crowd......if you don't see it as planned......you don't do anything......you make a new plan for the next day...... and since i daytrade off support and resistance lines only......i always have ways to make money fast up or down on the big boys each and everyday......ands somedays i may make my money early.....or may just watch the charts all day and do nothing till i see that perfect play.....and then 4 or 6 hrs of just watching is payed off in a quick well timed trade that i was looking for all day...... my plan going into this year was simple....... make the big money early on january effect stocks.....then just play intraday for most of the year......because i know until we break that downtrend channel.....this market is going nowhere......and earnings are going to be bad till fall......and if you are holding overnight......you could get killed on these stocks......and its better to be safe than sorry.....because if you preserve your money till the trend changes......you will make a ton when this market finally rights itself...... and those still playing long holds in this downtrend channel won't have any money left when the tide turns......they will be looking to breakeven in stocks.....while those with cash will be adding up huge percentage gains..... regards

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