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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: cvn2 who wrote (102175)5/2/2000 10:42:00 PM
From: westpacific  Read Replies (1) | Respond to of 108040
 
There is good money to be made in this market. You need to do a ton of D&D, research earnings reports, scan threads and follow the momo plays.

Did very well this week - remember the rule, as long as the NAS is stable or moving up let your winners run and cut your losers fast. Do not add to your position on the way down - sell it and add to the positions that are moving up!

That has changed after today. Go all cash at the end of each close. We have some major ecomomic reports on Friday, the most important - The Unemployment Report. If we have under 4% unemployment that is very bad as far as Fed is concerned, they will have heartburn over lunch with that!

Running up to the FOMA meeting, protect cash and trade with caution. Shorts will be out on every rally from here, market will be tough to time. If we see a hard sell off, rally on the back side of FOMA meeting - so be ready with the plays you want to own on a big selloff - buy them cheap when everyone else is selling near that date.

Been busy and very focused on my trading so have not had a lot of time to post. There were many, many solid plays in the past week to make from 10 to 30 pts. on!

Great trading everyone!



To: cvn2 who wrote (102175)5/2/2000 11:26:00 PM
From: BarbaraT  Respond to of 108040
 
How right you are ... guess some of us have to be kicked in the behind more than once to make the lesson stick.