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Strategies & Market Trends : Classic TA Workplace

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To: At_The_Ask who wrote (60259)	11/22/2002 7:02:58 PM
From: AllansAlias	Read Replies (3) of 209892

No. I am not long. I went long at the low, per posts on this thread. I caught 40-50% of this move in the first blast, then went into the weeds. I then tried to short the move at this 1420 test. Not profitable. I went flat on the day we ended up, but under 1420. The next day we gapped over it -- a nice entry for the wiggle traders -- but the disbelief here was still high I am guessing. I say, "Always trust gaps over resistance/support." I am flat. I should have gone long the day that I closed the short. That's just bad trading. Now I wait. I wait to short. It's still odd to me to only see the market in the morning and then after the close. I am not getting any feel for the action in between.

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