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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (42995)	3/14/2000 5:24:00 PM
From: dennis michael patterson	Respond to of 99985

you are correct of course, it was not a "panic" in terms of volume. But the vlocity really picked up in the last hour. Anyway, I could get creamed tomorrow on these prices. I use the Cramer trading strategy. I sell on the way up, and I buy every 10 points down on the corrections. In corrections, I will use 50 percent margin. Never more. That is to say, I will max out-- stop buying -- when 1/2 of my margin power has been used up. I almost never use margin on the way up-- except intraday. I have traded this way for 2 years, and it works for me.I also think certain folks on this board are good indicators. But enough on that!

To: Monty Lenard who wrote (42995)	3/14/2000 5:28:00 PM
From: Stephen	Respond to of 99985

Well ... the most likely scenario I see is any small gap-up sold off quickly till the Nasdaq drops that additional 100 points CNBC are pushing as the next support level at 4600. Then the dip buyers can start in earnest .... fwiw. I just don't see anyone stepping to the plate early ... I can't say the year 2000 has been boring ... Stephen