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

To: Johnny Canuck who wrote (24842)	1/19/2000 12:42:00 PM
From: shasta23	Respond to of 68390

HI HARRY! VERY Nice post. Almost overwhelming and since i have to go to work in a bit i can only give some scattered comments. You're right that i don't see a big crash and the charts of the indexes also still indicate no real trouble since their moving averages are all still intact which indicates to me that we're not ready yet for a real pullback. I think that bearish bias is still there and i really need to clearly watch the charts(i repeat that 10 times for myself!!). I just tried to recreate a more versatile stockwatch list that includes Banks/brokers and Drugs/biotech and some retailers trying to get a more versatile picture of the situation. I might go back to see how Clint was setting it up. Nothing to add in regards of the DJUA and that the transports are basing here. I will save this post for further study later but right now i'm actually trying to get a simple system for myself. In the past i have tried various systems but never long enough to really trust something. Right now i just try to trade one simple moving average system(like Raschkes grail buy/sell) and develop the discipline to stick with it. After achieving that i will go back to add more elements. I will try to combine short and long position. Since i read the old ZANE Myer posts the idea doesn't go out of my mind and i have found the idea used by different traders in the meantime.It might actually be interesting to be long the hot technology sectors and short SP stocks since i find a lot more shorting candidates there than in my tech watchlist where the key moving averages are still pointing clearly upwards. Thanks for giving a clear perspective. Gotta go now... Stefan