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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: budweeder who wrote (7539)4/11/2001 10:02:15 PM
From: budweeder  Read Replies (2) of 19219
 
Hi J.T.; In this manic/depressive market it seems that extreme sentiment shifts can occur within a 24 hr period...most of my position changes are still taken at days end, but on several occasions over the last couple months where there has been a big "up" day (say 9% on the NDX)...I have hedged off part of a long position with the Venture fund (inverse 2X NDX) at days end....the next morning would open down say 4-5%, and I would move from Venture to Velocity at the 10:45 price.

I am probably next to the worst market timer in the world, but it is an advantage to have two closes on some of these hyper days........all FWIW, of course.

Regards, Bud
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