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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (47170)7/24/2002 12:29:57 AM
From: morokko65  Read Replies (1) of 209892
 
Allan, if we are within, say 7-8% of the intermediate low here, why not begin to incrementally go ST long in 20% increments beginning at 1190-1210 or so.

I know that smacks of clowishness, but may be better than going the whole hog at 1200 or waiting for 1140 and having it never get there ST.

I am only willing to devote 10-15% of my cash to this intermediate tactic, so we are talking 2-3% buys in case the vortex takes us to 950 COMPX.

I have a feeling they ramp C & JPM soon for a last big distribution party before the curtains come down.

The homebuilders popped today.... never underestimate man's ability to manipulate.
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