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

To: dennis michael patterson who wrote (43009)	3/14/2000 6:00:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

dmp: I could have sold my CSCO short lower than where it closed today. But I expected the decline to start with the first rising wedge...I went against my system and did not trail my stop I left it just below my original entry, so I did make a little profit, but not as much as I could have... With my "speculation" money (day/swing trading portfolio)...if it don't move I close and move my money elsewhere. Frankly I made out well with the money I was shorting CSCO by going long some biotechs...<g> The last few weeks have been absolutely great...except for the lightening strike...<ng> Just because one "knows" it is a mania does not prelude one from taking advantage of all this irrational exuberance. That's why I started day trading again... Regards, LG