Compaq Message Board - Msg: 2998343

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Technology Stocks : Compaq

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To: Venkie who wrote (11679)	12/18/1997 12:35:00 PM
From: James H. Irwin	Read Replies (1) of 97611

Donnie, baby. You're sounding a little bummed out. But by all means, take a little time out. Always a good thing. I'm just playing the short term trend. My goal is a G a day. Courtesy of dell its been more like 5, but that is more of my system on TradeStation than anything. Like buying when I would normally sell and selling when I would be buying. Check the use of BollingerBands (+- 2 Standard Deviations) combined with an RSI optimized for Dell on a 1 minute chart. Don't get too discouraged. We are in a mini bear market. I'll bet most people in the market today don't even know what a bear market feels like. Anyway look at the market page of IBD. The nasdaq composite is rolling over. Lower lows beneath lower highs. Look at the New high/new low list. Computers (28 companies making new lows) is #1 on the list. I love tech but its not the place to be short term. Flatten out your positions, get away from the market for awhile, and come back with a fresh perspective next year. as always, bon chance. Jim

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