Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 430.29

-0.7%

Jan 30 9:30 AM EST

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To: bobby is sleepless in seattle who wrote (25020)	7/12/2003 12:07:32 PM
From: lee kramer	Read Replies (2) of 26752

Hi Bobby: "So help me out understanding the stock market here." A daunting task Bobby, but I'll give you my take. The Naz [Compx] slipped from 5,000 to 1108. Then it made a classic inverted head and shoulders bottom which took 10 months to form. Then, came the mark-up phase with the Compx running to 1758, not a bad % gain. But, as a "pure" day-trader I don't worry too much about the market. Every day is a new market to me. Are we due for a "rest" a pullback? Probably. But this is normal action after the run we've had. And even if the "market" pulls back, there are always many stocks that can be traded long and short. I'd concentrate on finding and trading those.

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