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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (26793)1/5/2002 5:50:05 PM
From: bcrafty  Read Replies (1) of 209892
 
Allan, so how are you going to play the next 2-4 weeks?

I understand that you think the rally will "push some more" buy that there is not "much upside left" so therefore you think "buying at this level is a fool's bet." I assume that this means that you will not be doing any long position trades for the next 2-4 weeks.

And I also understand that you will patiently wait for the next swing shorting opportunity. But until then do you plan on playing only intraday wiggles (long and short) or do you anticipate doing any multiday position trading in addition to intraday?

Also, how much more do you think the rally will push on $COMPX for the next 2-4 weeks? My WAG is 100-150 points.

As for me, I think I'll be buying individual tech on dips for multiday holds and shorting spikes only for intraday trades or an occasional overnight hold. For example I bought BRCM on 12/20 and sold Friday for 10 points and shorted IDPH intraday this week for a few.
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