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


To: Clint E. who wrote (25829)3/30/2000 2:33:00 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68324
 
Hi Clint,

>>Perhaps that's what I should do from now on, play it
>>every two weeks instead of two months. I'll think about
>>that. For now, I'll hold instead of running scared
>>because of what AC said. Will try to unload in the next
>>up cycle in April

When it gets volatile like this I am not sure that you can do timed restricted trades. I think you need to use price targets as dictated by support/resistance. At least if you set the orders before you leave for work, you will get taken out automatically with a fixed profit/loss. In the past when I was almost 100 percent investment minded, I would simply stand aside till more stability entered the market and a trend developed realizing that the long term trend is still up. It can lead to some spectacular short term losses and sometimes total write offs though, so one has to have the stomach and the cash to survive the down draft. Most true bear markets statistically last about 18 months.

The psychology for the techs changed today I think. The volume was low due to the fact that most people were in shock and expected it to comeback as in the past. The follow though or lack there of will tell the direction tomorrow. Like you most people I expect will be selling the rallies. They will need the money to pay the taxes on last years gains and depending on how the press spins this the panic can be contained and all out.

Can anyone report on how the TV press is portraying this tonight?



To: Clint E. who wrote (25829)3/30/2000 11:14:00 PM
From: Clint E.  Read Replies (1) | Respond to of 68324
 
== 03/30/00,,, Nasdaq Bottom,,, vol 1.9B,,, indices ==


Symbol Last Trade Change Volume Open Day's Range 52-week Range
^DJI 4:02PM 10980.25 -38.47 -0.35% N/A 11008.17 10916.34 11144.06 9731.81 11750.28
^IXIC 5:16PM 4457.89 -186.78 -4.02% N/A 4540.44 4355.69 4683.88 2329.87 5132.52
^SPX 4:59PM 1487.92 -20.60 -1.37% N/A 1508.52 1474.63 1517.38 1233.70 1553.11
^TYX 3:00PM 58.73 -0.89 -1.49% N/A 59.34 58.73 59.40 54.06 67.53
^NDX 5:15PM 4250.19 -163.73 -3.71% N/A 4376.41 4151.12 4491.08 1952.36 4816.35
QQQ 6:24PM 107 1/4 -2 3/4 -2.50% 42,328,700 107 1/4 103 1/2 112 3/4 48 13/16 120 1/2
^OEX 4:59PM 813.81 -13.69 -1.65% N/A 827.50 807.17 831.35 643.68 846.40
^RUT 5:00PM 531.57 -11.43 -2.10% N/A 543.00 524.27 545.89 393.92 614.16
^VIX 4:00PM 27.55 +1.59 +6.12% N/A 26.14 25.69 28.72 17.70 35.48
^NWX 4:54PM 1032.00 -73.66 -6.66% N/A 1105.66 1016.68 1105.66 436.99 1195.67
^XTC 4:54PM 1676.47 -43.73 -2.54% N/A 1720.20 1665.67 1720.20 1031.98 1750.63
^SOXX 4:46PM 1151.31 -42.49 -3.56% N/A 1193.80 1114.97 1214.26 361.66 1362.10
^XCI 4:54PM 1634.74 -53.23 -3.15% N/A 1687.97 1599.60 1706.65 800.53 1819.86
^HWI 4:54PM 396.22 -19.17 -4.61% N/A 415.39 392.16 433.08 199.23 451.15
^CWX 4:50PM 1411.76 -74.13 -4.99% N/A 1485.89 1388.14 1501.05 569.01 1670.08
^GSO 4:49PM 536.52 -23.16 -4.14% N/A 559.68 523.53 574.23 215.39 644.61
^DOT 4:46PM 1095.34 -28.74 -2.56% N/A 1098.90 1052.38 1150.11 452.90 1350.16
^IXY2 4:14PM 949.57 -39.38 -3.98% N/A 960.59 912.33 1006.92 374.70 1132.48
^GIN 4:50PM 652.26 -23.84 -3.53% N/A 676.10 623.35 689.17 332.26 795.67
HHH 4:05PM 165 -5 1/16 -2.98% 3,493,700 164 1/2 157 1/8 174 1/2 101 192 1/8
MOX No such ticker symbol. Try Symbol Lookup (Look up: MOX)
^BKX 4:46PM 781.10 -13.86 -1.74% N/A 794.76 780.74 796.42 635.15 944.32
^BIX 4:59PM 559.95 -9.99 -1.75% N/A 569.94 559.93 572.69 456.24 735.95
^XBD 4:54PM 534.91 -12.85 -2.35% N/A 547.76 534.16 552.20 346.07 587.46
^DRG 4:54PM 345.05 -1.85 -0.53% N/A 346.90 345.05 349.87 291.09 425.25
^BTK 4:54PM 473.30 -33.96 -6.69% N/A 507.26 462.57 516.10 171.05 806.37
^FTSE 10:31AM 6445.2 0.0 0.00% N/A 0.0 0.0 0.0 5972.7 6930.2
^GDAXI 10:45AM 7644.89 -219.87 -2.80% N/A 7834.56 7610.51 7849.53 6388.91 8136.16
^FCHI 10:25AM 6313.82 0.00 0.00% N/A 0.00 0.00 0.00 5388.85 6590.35
^N225 10:53PM 20455.05 +13.55 +0.07% N/A 20371.07 20259.35 20550.10 18068.10 20809.79
^HSI 11:12PM 17406.47 -60.68 -0.35% N/A 17383.63 17107.44 17445.01 14763.97 18397.57
^SSEC 10:30PM 1788.030 -22.954 -1.27% N/A 1810.553 1788.024 1810.897 1361.214 1811.063