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Strategies & Market Trends : Befriend the Trend Trading
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: Dr. Stoxx who wrote (3306)3/14/1999 1:43:00 PM
From: ted cerezo  Read Replies (1) of 39683
 
Hi Tom! I see that you are now going back to more longer-term trading. From a few weeks to a couple of month instead of the short term trades that last 1 to 5 day. I agree with you that short-term trading (1 to 5 days) is very time consuming. Unless you are highly leveraged, it is almost not worth it but using leverage is a double edge sword. Is the risks really worth it? Anyway, I'm seeing negative divergences all over the charts. I clearly understand that we are in a mega major secular bull trend so false negative divergences do show up on charts but my main focus is how the markets might behave as we get closer to year 2000. With Oracle's stock price behavior at the end of the week showed, the Y2K is something to pay attention to. I believe that very longer-term beyond Y2K the markets will go much higher. It is a combination of my theory of how the global markets around the world such as Asian, Latin American, Russian markets have more or less discounted the Y2K problem within the past couple of years and the insight of what Harry S. Dent Jr. wrote in his books is causing me to be bullish on a very long-term basis. But long-term, meaning what might happen as we get closer to year 2000 is a concern of mine. I'm paying attention to the negative divergences....Ted
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