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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who wrote (1259)9/22/2002 9:11:41 PM
From: macavity  Read Replies (1) of 1567
 
Talking to yourself.

Sometimes it is the only sensible conversation that you can have.

TC2000 is quite good. I have about 3 systems that I have bought/subscribed to over the years.
You only figure out what you need as you go along.

As I said stocks scare me, maybe because my stops are just too obvious (lol).

You do the breakouts, I'll do the retracements.

Do you find that b/outs depend strongly on Market Direction?
I found that so much depends on the general Market trend that it was better that I just traded it.
Similarly the sector e.g. BBH, SMH.

It is my own fault, but as I trade retracements, on pull backs the underperformer always looks most attractive, and on bear-rallys the outperformer looks juicy. I need to change this mindset.

An example I have been short BBH - the tech outperformer and not SMH the dog of tech.

Within SMH one of the prime underperformers would have been AMAT but I keep on eyeing QLGC. I just cant help myself (LOL) so I just go for the HOLDRs.

I will try and list my Industry Groups and Sector Indices more regularly. Usually I get signals every 2-4 weeks. My holding time is 3 weeks to 3 mths for Intermediate Term signals, or 3 days to 3 weeks for short-term ones.

Subject 51784

-macavity
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