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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (25536)	5/9/2000 2:09:00 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Frankly, I don't think anyone can accurately predict the current manipulated market. The low volume makes it too easy to manipulate. So I would not be heavy into this market in any way. . .not long or short. And there is no way to predict daily moves with any accuracy. . . .what could possibly be the criteria? The indicators mean little to the manipulators. Look at the intraday on the Dow. . .started north at exactly 2:30 yesterday. . . and ran through until 10:30am today. . . where it immediately fell straight down and hard. . .pulling the Naz with it. I wonder what they call that play. . . .the "Statue of Liberty?" or perhaps the "Sledgehammer"? Manipulation cannot be predicted unless one is privy to the plan. When I say, "stay light on your feet". . .I mean . . quick trades. . .24 hours or less. . .take the profits and move on. . . rather than worrying about tomorrow or next week. . .just grab the profits and leave the stock. We'll have plenty of time to buy our favorites later this summer. And even those that we thought we had great entry points on. . . will most likely drop even lower in this summer bear. In my opinion, buy and hold will not work this summer. . . nor will short & hold. Trading is critical to seeing gains in this new market. Best case, we hold a trading range for several months. . .chances are better though, that we blow past last months lows. . .either way, I would tread lightly and only take very short term swing positions or better yet. . .scalp 1/8ths. . or other daytrade plays. Rande Is