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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (2432)	12/9/1999 1:05:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 11513

Chip, this is probably indicative of a bigger trading top in the Nasd and the rest of the mkt. John

To: Chip McVickar who wrote (2432)	12/9/1999 2:05:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 11513

>>The Big Market players just cleaned out every small players stops all the way down to yesterdays close. Truly remarkable! There is little hope that small buyers with tight stops will be successful unless they have created exceptionally accurate signals, very good at reading those signals and have large enough accounts to with stand a raise and a slide like this one.<< That is absolutely correct... that's a very important observation for anyone trading these markets... tight stops that are not strategically placed can eventually break the trader... I think it's better to avoid using stops and carry a light position until the market shows you a reason to close that position out, then just close it out.....<g> Wow, it's nice to be able to get into SI today.....<g> GZ