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


To: shasta23 who wrote (25065)2/4/2000 2:19:00 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68220
 
Stefan,

Some people use a 5/20 EMA cross on the chart in order to keep you in the trade longer. I don't think I have seen any statistics on the win/loss ratio on such a strategy, but that might help if you are looking for a more mechanical system. A word of warning though, if a lot of traders are using this strategy you will need to enter/exit earlier to take advantage.




To: shasta23 who wrote (25065)2/4/2000 10:30:00 AM
From: dppl  Read Replies (1) | Respond to of 68220
 
Stefan

Thank you for the post... I've learned a hell of a lot here too.

I was just making a call about an extremely oversold market and a counter trend rally. The NAZ is only 20 or sio points away from an all time high and I figured htey would aim for this - over a 2-3 day counter rally.

I exited last nite with a few short positions in fact but this time the bond inversion has confused everyoine (esp the DOW stocks). Right now I'd be neutral to slightly short but chances for shorts should increase next week as we go into an overbot area (on the NAZ at least).

We could be in for some bond determined movemnents next week since there won't be a lot of news out. That could be good for the bulls but they've already bot the NAZ...

I think financials should show their hand next week - could be a good one for them if the bond gets sorted out.

Thomas