Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: NucTrader who wrote (4580)	3/30/2001 11:53:34 PM
From: Jack T. Pearson	Read Replies (1) of 52237

I sold my Ultra Bear Profund (2 x NDX) today, because the NASDAQ bounced off the previous 52-wk low. I think we will get a rally, though I am not certain. It wouldn't surprise me to see the NASDAQ test its recent lows on Monday morning SOX is still moving down smartly, and, as Donald Sew has pointed out, the SOX often leads the NDX. If the NDX bounces I'll buy with close stops. Move stops up every day as long as the rally lasts. Go short again if it reverses off of a resistance line. Talking about a 10% investment here. Don has made me a believer in limiting risk--makes objective trading possible for me; hard not to trade on my greed and fear if I risk too much at once. Surprise announcements can turn the market on a dime, and I expect selling to pay taxes through April 15.

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