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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: jtech who wrote (34092)	4/17/2000 9:32:00 PM
From: LastShadow	Respond to of 43080

Thresholds were broken for all major indices. I expected an up day today or tomorrow. Of all the major stocks that had huge volume and large up days, none broke the down trendline. All three neural nets I ran where still short the market, all but 10 funds (of the 115 - of which 5 were bear funds, and 5 were bond funds) were out flat from 3 days to 3 weeks. Al Greenspan is still going to up interest rates since the inflationary signals he was looking to contain are now evidencing themselves, therefore market has more downside opportunity than up. Futures don't look too healthy either: cme.com However, I never attempt to predict the market. I react to it. The Nasdaq 100 went below (although it closed above) the 200 day moving average, as did the OEX, the Russell 2000, and the SPX. That will engender programmed shorting by hedges, instutions and large brokerages as well as all the programmed traders. It could rally for as long as a month, although with the long bond still rising (see the intermarket analysis at stockcharts.com and move the slider to 446 days or so to compare with the Oct 98 correction and see my article concerning the same under Tactical Asset management at: stockcharts.com ) But, if it keeps rising and the bond falls off I will reenter. I'm wrong a lot, I just prefer err on the side of caution. lastshadow