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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (1429)	6/5/2000 7:01:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 10876

Excellent advice from Elder, Jill, as you say even if we have heard it before. Reinforcement is always good. I agree with the opening being amateur hour, from experience. I usually wait for the 10-10:30 time when the reverse begins, as do many on this thread. Another good time is right at close, but not much earlier, because of the ramping games that have been played by the pros lately. Lunchtime is another good time to jump in and out, as I've heard you and others comment. Cutting losses is a must, something I have also learned from experience. My threshold on large positions is 10%, though the market's volatility has made this difficult. Intraday swings of 10-20% on stocks and 20-40% on options is not that unusual anymore. That, along with the recent downtrends, is the reason I remain mainly in cash. I lack the time to follow the market to the extent that is needed, outside of a true ltb&h strategy (hope UF forgives me :) TA really is more of a psychological than fundamental indicator. I like macd because it does a better job of measuring investor's mental states. You don't want to meet my evil twin. I don't want to meet my evil twin. He's downright... what's the word... evil <g>