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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (26296)	7/30/2000 11:28:27 PM
From: Gersh Avery	Respond to of 42787

Over there, lately, I've been using a "trap line" method. That is say I expect to see a move up then a turn headed back down. I'll put in limit sells spaced apart designed to catch the majority of the move up. I start out in the morning (pre-open) looking at the patterns and do my best to determine which way the day will go. It's common to see one kind of patterrn in the SP00 pre open if it's going to be an up day and another kind if it will be down. These readings I cross check with other items such as currency exchange rates, the price of gold, oil and other commodities. And look for momentium in each of them to get an overall liquidity picture. I have a special monthly indicator that I use to determine my overall bias. I fluctuate the amount of net long or short from one moment to the next over the day to take advantage of small day moves. I tend to not use stops except for an exit. Many times a stop will be taken out only to move hard in my expected direction. Many many times I've had stops taken out to the tick or only a quarter point over. Right now my monthly bias is down. However I'm currently long overnight .. it's bad juju to bet against the don<g>