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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (3701)	7/6/2000 12:20:13 AM
From: Blue On Black	Read Replies (2) \| Respond to of 19219

We are not AWOL, my friend. We are merely lacking your expertise. siliconinvestor.com I closed all longs at the open and all shorts at the close. It was just instinct. A person can't really post about a feeling. Sitting here on cash....quaking and shaking since I don't have a clue at this point. lee

To: J.T. who wrote (3701)	7/6/2000 12:25:03 AM
From: Joseph Stratmann	Read Replies (3) \| Respond to of 19219

JT, Im still here :) Been a rough weekend as our dog blew out her knee (only 2yr old golden retriever). I too have been whipsawed...terribly. I shorted TLCM intra-day just today but was long on Monday's short trading today closing 1/2 the positions late this morning (was at the vet). What can you make of this repeating Nasdaq pattern of an up day followed by a down day and so on? This is getting ridiculous :) The S&P 500 model I have mentioned previous is still long. Just to give you a tad more insight into it (Its still work in progress as Im still new to this). The model stats are as follows (Actually I have 2 models and this is the data on just one): * It's based on S&P 500 Futures contracts (which I will not do so Im just paper trading for now) *Each 1 point move is $250 as true for S&P contracts Total # of Trades YTD : 28 Winning Trades : 22 Losing Trades : 6 Percent Winners : 78.57% Highest Trade : 24,402 Lowest Trade : -7,570 Max Drawdown : -38,872 <--- ugh that's very ugly Model Profit YTD : 158,027 The model is still long - you can see from the number of trades it isn't exactly in and out too often. That max drawdown really really bothers me :) Again it is based on the S&P500 and Im just now learning how to do Options (scared of them frankly so maybe that'll keep me from doing something stupid) - let alone doing Futures contracts. I've thought of doing the trades via AMEX:SPY but just cant bring myself to it. Now, as an Option neophyte I'd like to ask you something. How do you find out the liquidity of a specific Options contract? Take for example a Sept 170 Call on Verisign. 1- When I place my order will it take forever to fill or go rather quickly as the stock moves pretty fast? Verisign typically gets a good amount of volume 2- Is there a way to quantify this volume (ie the Option's volume - duh). Im using QCharts and it doesnt seem to be able to display that Option contract's volume. 3- Any beginner advice you could offer? Thanks again Joe

To: J.T. who wrote (3701)	7/6/2000 8:59:29 AM
From: Richard Ruscio	Read Replies (1) \| Respond to of 19219

J.T., Not so much AWOL as away with leave. 1) Summertime 2) SI sucks various ways. Glad it's 'improved'? 3) Lots of threads slow / dead. 4) Got in my 1/2 USPIX position at Mon. close. Next chunk today, as the cat bounces. Good trading. Hope we're not range bound. rr .

To: J.T. who wrote (3701)	7/6/2000 11:12:41 AM
From: macavity	Respond to of 19219

Still here JT. Like everyone else I am getting whipsawed. Net I am long a few stocks that had broken out to the upside and have come back down. They are about to blow out my stops on the downside. If they do, and you cant make money from a breakout on strong volume (any more) then it is probably telling me that there is absolutely no desire to buy anything in this market. On the Index front my little $MID index is straining with its SRL at 485 - of all the diversified indices this has been a solid performer. I get SRL in $SOX at 1085; and $OSX SRL =118. All these closed below yesterday NDX below 3600/3550 and its ta-ta. Good luck to all the biotech longs. The rest of us - thats what stops are for. The downdays seem more convincing than the ups. My laptop is malfunctioning, but as soon as I get it to work I am going to look for some shorts. Long RHAT(26 3/4); Long GOJO(8 3/4); Long RMTR(16 1/2) stops are a couple of pts below current levels and approaching fast. (No screen so they may be there already) - macavity (in some pain)