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

To: dennis michael patterson who wrote (27630)	8/14/2000 2:27:28 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

Yes, but what does Sew say? Oh Sew can you see? <g>

To: dennis michael patterson who wrote (27630)	8/14/2000 3:26:11 PM
From: Les H	Respond to of 42787

If Loving the Range is Wrong, I Don't Want to be Right The Paragon Traders' Update – August 13, 2000 Loving the Range For months on end have described how this market is very similar to 1994 range bound market. We made this statement very early in the year and are now a bit cautious that so many people are talking about it. Never the less, we have converted our analysis in substantial gains for our subscribers, another one occurring last week. We used the Aug 4, employment day early retreat to enter a long trade for our subscriber at 1463 or better. This long trade paid big dividends last week as we exited half the position on Monday at 1474.90 for 11.90 points in profit. The second half of the trade was exited on Thursday on the open at 1497.50 for a gain of 34.50 points. Our exit was within 0.50 points of the weekly high at 1498. This trade alone produced nearly $12,000 in profits for our subscribers trading just two S&P futures contracts. Put another way this trade paid for over 6 1/2 years of our advisory service. If you trade the S&Ps and our not on our service I would reevaluate your decision. The market continues to mark time as we move through the second half of the year. Just as 1994 end the year with a massive trend move, we believer 2000 will be the same. Just as traders finally get use to the range environment and believe they have the market figured out the trend will begin. Trading a trend environment is very different than trading a range environment. If you are on the right side of the trend it can be extremely rewarding and profitable. If you are stubborn and refuse to respect the trend it will drain money out of your account every day. We believe the move that comes out of this prolong range will be one of the best opportunities in a long time. Take advantage of the range now until the market environment changes. We invite you to join us on our daily advisory for all our detailed trading ideas. Market Outlook Where does the market go from here? Different month, same story in the S&P 500 futures. The range bound activity continues with Monday’s and Friday’s being light in volume and choppy as trades do what they need to mid week. Because the market has been in this range for so long all of the support and resistance numbers are clearly defined. Take advantage of these numbers to profit and build your nest egg. The 4 week high and low are 1533 and 1424. This is the big range with many small ranges with these parameters. Until the market closes below 1450 or above 1500 these parameters are safe. Go into an alert mode if the above-mentioned levels are broken on a closing basis. Have a great week.