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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (7206)	11/2/1999 9:29:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

TB:" position, momentum and trading bias " >another explosive rally that a position trader had to just stand aside... ...looking back, two of my charts gave good BUY signals on 27-OCT, Berney - my QQQ = NDX100 chart, and my SPYNDX = 50:50 SPY+QQQ construct chart. On these charts, the mo indicator breaks its DownTrend to the up-side, pulls-back to its old DownTrend on 27-OCT and then takes off. The entry point for QQQ would have been @ ~121.5 around its 50d EMA area. But, where would the exit be? I have QQQ 131~133 area as a far-target on my chart, (the upper trading-range channel line is like ~138 or something) and would have bailed out last Friday, +10 bones on QQQ. The problem I had with this trade was that SPY was not "in sync" with QQQ. SPY is showing an entry point of ~128.5 = 200d EMA area, with an extent being that DownTrend Line at, what? ~133 at best or, the 50d EMA at ~131 more likely. If you make this trade, you're trading against the trend - that intermediate-term DownTrend. QQQ still has an intact intermediate-term UpTrend and apparent trading range channel, fwiw. But WTH is the intermediate Trend = trading bias = "shoe" on SnP or, the DOW ? I'm serious - you tell me, dude - I'm lost (^_^) Looks like we're just bouncing along sideways or something. Try another scenario, Berney: roughly connect SPY CLOSEs on 25-JUNE, 10-AUG, and 15-OCT... create a parallel line to this and put it up there at origin CLOSE 16-JULY. What this says is that, "the intermediate-term SnP (market) DownTrend is intact, but wider, with a more gradual down-slope or, rate of decay". ===> we may have to go down from "market" to individual sector charts, Berney, and use each sector's bellwether as our trading vehicle, rather than DIA/SPY. -Steve

To: Berney who wrote (7206)	11/8/1999 8:28:00 AM
From: Trading Machine	Respond to of 11051

Kerwhack! Anybody long on MSFT? How are you feeling, I hope the snifles and snorts didn't get you too far down! Tell Patrick not to do that again. Looks like today may produce some buying opportunities, but who wants to with the infamous PPI looming in the distance Wednesday? I will be lurking again today while trying to finish up some comments on a paper I had to review, may get a trade started this afternoon. CU PK

To: Berney who wrote (7206)	11/10/1999 5:03:00 PM
From: Trading Machine	Read Replies (2) \| Respond to of 11051

GRAVITY SUCKS! Had to go back 10 days to find your return address, watsamattr Donna break your fingers? gg I was just browsing the Nasdaq, and was just comparing the distance it is away from it's moving average with July 19. On the 19th I have it about 263 points away and today it is a whopping 322. I am mindful what you always say about the MA acting like gravity and sucking a high roller down to earth. gg (well its a little of a paraphrase) Also I note that it is on top of its upper trend line, all this tells me to short the hell out of the Nasdaq!! I went back into CSC just before the close at 65, hope it pops in the AM. There was a sell for 48K shares at the close so I figure the specialist is long an he will want to gap up the price in the morning to try and make a buck. Time will tell. Yeah, I know, hope is not an option. Datek said that because it took them over 2 minutes to fill a market order that they would wave the fee. It's very nice of them to forego their $10 bucks while it cost me $300! Shame on them..shame on me for using a market sell!! gg Oh well. Ok, enough fun, gotta go work on boat parts. CU TM