Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (1707)	7/9/1999 1:38:00 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 18137

High Y, This comment, Either way, if the markets tank, my suspicion is that within 60 days the longs will forget why they bought since the implementation cycle of the infrastructure and sales cylce is so long strikes me as at the same time incredibly perceptive, completely true and at the same time hysterically funny as we try to find some rational basis for the antics of Mr. Market. Surely the "animal spirits" have overwhelmed him on this particular issue. My congratulations to those who glommed onto this one when it got accolades on this thread on June 8. To be fair, the high on that day was 12.0625, the low today, exactly one month later was 44.25. A mere 366% return for one month's paying attention to Eric's creation. And yet I'll bet not one of us is the benficiary of this largesse. Or the larger 448% yield if you flip the high and low. Hmmm, what an interesting world. Still questioning reality, Ry

To: ynot who wrote (1707)	7/9/1999 8:30:00 AM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

y, <Trader Allen seemed to confirm $50, but what happens next> Just for the record, I'm not sure I did that. I pointed out whole number resistance and using EWT for eyeball price targeting. One big point is that you don't need to predict in what direction the next 20% will go. Let the market tell you. Reversals on intraday charts look like reversals on daily candlesticks. If MCOM prints "dark cloud cover" or does a hole in the wall by opening at 46 and not closing the gap or does a head and shoulders on the 5-min chart or whatever, there is still lots and lots of short sale $$$ to be made. I have shorted rallies when price drives up into a prior top, even ones from several years ago. But stocks running at new highs always seem to fool on the upside. BTW you were right yesterday and had a 1 1/2 point profit at one time. <Lastshadow uses neural nets where time lag can be incorporated into price prediction> I use time considerations all the time in my trading but not with neural nets. In price dips, the logic is this : Time absorbs price Each new counter trend move requires a fresh analysis of the risk:reward potential AND time proportionality to the direct rally. In other words, the time it takes for a trending stock to reach the bottom of a correction greatly affects its ability to generate a profitable bounce within the time frame of the individual trader. Time absorbs volatility Loss of volatility is the enemy of the active trader. Flat markets steal profits as readily as losing positions. Measure the impact of time on Dip Trip profitability by counting the number of bars within the last rally thrust. Compare that number to the bar count since the dip began. Corrective moves should complete in less time than the prior rally IN ALL CASES. Alan