Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Tondon who wrote (3599)	12/30/1997 8:27:00 AM
From: TATRADER	Read Replies (2) of 7396

Tondon, CUBE is following the path of MDCO....Now that it is reaching the target i set on this thread around 60 days ago(15), it is worth watching...But remember, markets tend to overdo it both to the upside and the downside....You will have to watch for a reversal, and I feel that it is coming very soon...If you are a day trader you should be able to spot it as Lzzrd and Robet did on MDCO...(stock makes a lower low, but then angrily turns around with an avalanche of volume and closes much higher than it opened) Right now I have an aversion to going long...That is why I attacked the volume level initially on MDCO, even though it was a reversal...Got to get my emotions in check and see things clearly without bias...A lot of guys I know think I am crazy for going short with the January effect hitting....But to me trading is a game, a high stakes game, and the greater the challenge, the more I enjoy it....Try to make money on the short side while the January effect is taking place, now that is a challenge.....Regards, Mark

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