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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 693.77-0.2%Jan 13 4:00 PM EST

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To: Johnny Canuck who wrote (16780)6/24/1998 8:24:00 PM
From: Clint E.  Read Replies (1) of 69730
 
Harry, Just a couple of words for clarification.

I have always tried to play the ups and downs but it is quite easier to avoid shorting stocks at this point. Just get out when you think the short-term top has reached and wait to buy the dips.

In a "momentum-driven" market, MMs react quite differently to shorts & profit-taking. Reversals happen in a flash and shorts are often squeezed in a matter of minutes.

On your paper trade, I'll be interested in doing one with you on the basis of "no-fear". I would like to see if I will do better with paper trades in this market. Both options and Stocks. Longs & shorts. $20K in paper-trade money. No competition, no record keeping.....just an experiment to help us with our own trades.

What do you think, Harry? Sally doesn't have to know!!!(I get a kick out of mentioning that imaginary Sally to you. Don't know why. Hope it doesn't bother you, my good friend).

Clint
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