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To: Sarmad Y. Hermiz who wrote (63876)6/22/1999 5:34:00 PM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
My method is to guess a range, buy at the bottom of the range and sell or
short at the top. But it seems you rely on indexes especially to cut
positions. I think it will benefit me to learn that. But maybe thats too much
to ask.<<

I use many Indices and it takes a long time to practice this for short term trading, but main indices i watch are NDX,Compx,Sox,IIX,Indu,Tran,Util,Spx,Bkx,Rut,and Trin and a long with 30yrs.bonds, FNM, news, etc. I watch Certain leading stocks from different sectors too. Techincal analysis: chart patterns, trend lines (support & resistance), indicators, for stocks and Indices,, and some fundamental... anything else? I hold long leading, technically strong, large cap stocks and short term trade technically strong momentum stocks along with indexes, hit margin when market is good.



To: Sarmad Y. Hermiz who wrote (63876)6/22/1999 5:41:00 PM
From: Tradegod  Read Replies (1) | Respond to of 164684
 
Everyone just remain calm:

There's a huge difference between today's selloff and those of the last 2 weeks. Namely it was market wide. The nets have clearly shown buying interest and have been moving up on increasing volume. Most of the leaders have broken through upside resistance in the last few days: (YHOO-149, AMZN-119 for example). Today's selloff was triggered by someone priming the S&P futures starting about 2:00. Amzn's and Yhoo's drop were no worse than SUNW's and only slightly worse than Msft's or Dell's.

Tuesday we get the rate adjustment (presumably) and it' back to business. Worldwide PC growth looks healthy as of today's PC EXPO, rates are still low and the Internet is the biggest thing any of us will probably ever see in our life time.