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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (24259)	11/5/1999 12:39:00 PM
From: shasta23	Respond to of 69921

Hi HARRY! Thanks for the reply. I was busy this week with looking at houses since we're interested of buying our first house. I came to the USA 3 years ago and in Europe it was more common to rent a house so this was a pretty new area for me. I traded some but wasn't that well prepared since i didn't really had time or energy to study charts. Every morning i was waking up and the market was again up and i couldn't believe the extent of this rally. Interesting also is the fact that the NAZ hardly made any gains during the days but just gaps up these days and then runs in the profit taking. So you'd better be in the market already from the day before otherwise you miss out on the move. But it will also open you up to an eventual down gap which we haven't seen that the last week(next week maybe?!). I thought that the 3000 mark would've been some form of resistance like 10k was for the dow but we sliced right through it. So right now i'm sitting here and hope for some sort of pullback and will have to ponder about the fact that i always miss out on the big runs because i fear they will end on the day i enter. This brings me back to the risk reward "problem" which is unsolved. I feel that i'm at a wall here for some time and can't break to the next level of trading despite increased knowledge. So this will have to be worked out for. And in regard to ZANE's technique of combining longs and shorts i will starting to use it as a hedging technique. Thanks for all the comments again... Stefan