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To: John NY who wrote (96722)	5/9/2000 1:10:00 AM
From: Roger Schelling	Respond to of 120523

John: Nice explanation of a 'trading experience' that can be gained from the learning here huh ? I will just add a plug for Schwab on this part. Broker Fun After I hit the execute button, I was asked to log in again, I reached session's max time?. In shock, I logged in as I saw a tick drop the price 3/8 point. Then it bounced back up higher than my intended execution. Being glad for the delay, I re-entered my sell, it was invalid, so the original sell went thru. So Fidelity had accepted my execution, then told me to log in again. That was a surprise since usually you are told to log in and whatever you did to trigger it isn't completed? Still got my point Many many many times Schwab has executed my limit order trades below the ask(on buys) and above the bid( on limit order sells) by a teeny or even an 1/8. Maybe their advertised trade rates seem too high, but they are timely and getting the best price for me, and with just a few of these 'better than limit price' executions, their rates are nill. Roger

To: John NY who wrote (96722)	5/9/2000 4:40:00 AM
From: lee kramer	Respond to of 120523

JohnNY: Fine post. A minor point; I suspect some "traders" are out of business, I know many are hurting. But my comment last week about not as many folks posting is one of the results of the down-market. It's far harder to do well in a "bear", especially if you aren't comfortable on the short side (and I suspect that 99%+ of all investors never go short) not as much "fun." Hence, a slowdown in posts. Hang tough John. You can learn a lot from a bear market. (Lee)

To: John NY who wrote (96722)	5/9/2000 7:14:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

Morning John what a great post....and let me tell ya pal, "technical trading" was the biggest revelation to me too... i had seen others using this technique but had no clue as to the validity of this tool... John...it's the holy grail of trading...keep up the good work.. each nite or morning..all i do is update my WL & EP's??? how many stocks do you need to trade??? i say less is better...begin to "KNOW" your list...just like VTSS...1st check the daily charts for the Prisitine type set ups..they are there...then move to short time frames, the 15 & 5..and then set your alerts... study candles..a must!!! learn those patterns like i know P&F patterns..i use both now..i feel very confident..at 59, if i can do this anyone can too...ANYONE!!!! and learn to short...shorting is a must.. best of luck to you John, and good for you taking this bull/bear by the horns and trying to become a better trader.. my regards jerry

To: John NY who wrote (96722)	5/9/2000 7:44:00 AM
From: kendall harmon	Respond to of 120523

John, many congratulations and thanks for the informative post. Please do remember in the midst of this that the present market is not at all an easy one.

To: John NY who wrote (96722)	5/9/2000 9:15:00 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 120523

Bravo, John NY! Way to neutralize the emotion and base your trade on a method that you can refine and replicate! Thanks for sharing the process, too, which I'm sure is interesting and useful for all of us--.

To: John NY who wrote (96722)	5/9/2000 10:12:00 AM
From: Jeff Jordan	Respond to of 120523

John, Glad to hear of your successful trade. I don't know if everyone will agree with me but this is something I pay close attention to when trading support/resistance levels is how long the stock or index maintains that level. for ex. It's important that the market hold it's gains or losses after open for atleast the first hour. This is helpful in preventing whipsaws. And shows strength in the trend. If a stock trades above/below these levels for the first time it's important to watch how long the stock holds that position and how far the stock moves past those levels. All that is important for me to consider if I need to buy sell hold or add to the position. Most of the time a stock will reverse at these levels until a catalyst comes an moves the stock past these levels. Just a thought....oops got to go, back in MSFT 69 1/2 partial position...wasn't watching? Jeff