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

To: d. alexander who wrote (26231)	4/18/2000 4:42:00 PM
From: shasta23	Read Replies (1) \| Respond to of 71059

Dorothy! I don't know how to deal with this volatility but it's a true lesson in observing and not predicting. Where "normal" moves reversed we just fly by to the down and upside. I guess the only thing to do is really to FOLLOW the trend and see when it clearly breaks. We might want to predict a bottom or a top -and have good argument and historic examples on our side- but we just don't know. Too bad that i don't know what to do with this knowledge...They say that the daytraders cause this volatility-who knows- but to deal with this kind of volatility you almost have to be a daytrader otherwise the big boys jerk you around. This whole explosion to the upside makes me almost feel that the brokerages trying to discourage the weaker traders because it's good for the good daytraders and the buy and holders are also a little bit relieved here and can say that they would've never been able to time this bounce. It feels so orchestrated with suddenly some buying power coming in when the crash is all over the covers of magazines and newspapers. And suddenly the CNBC pimps start interviewing the people who are bullish again...isn't that strange? Maybe Next week the bear crowd get's back while the masses get herded into a different corral...just where they want to have them... Stefan

To: d. alexander who wrote (26231)	4/18/2000 6:12:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71059

Dorothy, You need to look at the date on the post. It is from May 24,1999. I only referenced it because it has historical average increases for the market. Note that Day 1 is the day before the holiday. Day 2 is the day after the holiday. The point being is that the day before a holiday is statistically an up day and that the day after a holiday is statistically up even more. That would mean that typically tomorrow will be a flat or down day. That is the buy in day. You would sell the day after the holiday to lock in profits.