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

To: Suresh who wrote (27111)	6/21/2000 12:18:00 PM
From: Suresh	Respond to of 68311

Placed stops for MSFT, ITWO and SEBL.... -Suresh

To: Suresh who wrote (27111)	6/21/2000 12:52:00 PM
From: shasta23	Read Replies (1) \| Respond to of 68311

HI SURESH! Looking forward of doing more work in new garden which is basically an "empty canvas"=bare and a mess... Markets:Yesterday on the NAZ we saw higher vol(almost 1.7b)but hardly any advance which looked like churning to me. I guess it depends which way we're going from here. If buyers win then it was chewing through overhead resistance. If sellers win then it was distribution. Interesting how at that point news suddenly come out that the Fed might raise interest rates again. I find that unlikely but these news always come out at peculiar points in the market. Locked in interest rates for mortgage at 7 3/4% because i can see it go lower but not much and can see it rebound up to 8.5% if Greenie just gets up with the wrong leg. My execution of trades is sometimes so unfocused. Shorted Asyt yesterday but didn't wait for a break of the opening gap and got stopped out in the first hour because i allow for closer stops than you. When the break happened i didn't have the nerve to reshort...would've been a good one. That's my style the last month...very frustrating. You allow for about 10% stops, don't you? That seems to work better! Stefan