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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (34981)	9/14/2000 4:51:33 PM
From: moufassa7	Respond to of 57584

Rande Is, man you ask tough questions with no easy answers. My thoughts; 1) I believe Ralphie is sincere with no hidden agenda. He may be right, my target for this upmove is 4100-4200, (triple top?). 2) tomorrow a.m. people will be trading based more on ORCL & ADBE news (Ralphie will be yesterdays news). As far as chicken and eggs. I like mine southern fried & over easy. Seriously more on this later, gotta go now.

To: Rande Is who wrote (34981)	9/14/2000 4:52:55 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

Chicken or Egg? Rande, your perfectly voiced concerns may be the strongest argument yet against individual "daytrading" as opposed to "position-trading." It also points out the obvious flaw in my own use of buy/sell stops but I don't see a remedy to that. And again, your valid concerns illustrate how important "fiduciary trust" is to our entire market structure...and is another reason why I'm still disappointed and disillusioned with the way the entire EMLX situation was handled. I already know and accept that I will be manipulated, nicked, and cheated out of fractional points and pennies. My only hope is to catch big fat moves where pennies and fractions don't really matter. Terrible attitude, I know, but it WORKS often enough. Regards, Mark

To: Rande Is who wrote (34981)	9/14/2000 8:49:39 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 57584

Rande, This is money we are talking about. Some people will kill for money. You can bet your bottom dollar that the guys in the big Wall Street offices will do whatever it takes to get the job done, most, not all, within the legal limit. Geez, they even own the MM's. Stops are swords with 2 edges <or is it a double edged sword?> Leveling the playing field is a dream, but we are much closer than I ever thought we would be. Fred

To: Rande Is who wrote (34981)	9/14/2000 11:08:33 PM
From: fishweed	Read Replies (1) \| Respond to of 57584

Rande - Another grip the Houses have on the hearts of small investors is/are all these open forums on the Web.......especially SI........they do all the research for them, best thread, best post, best poster, etc. In fact they even hold contests to pick the most influential people on SI for the houses to follow.......the Houses have never had it so good.......in the old days all they could do was shake the tree.......now they can see what falls out. am I paranoid yet? Incidently when did you say Insighters.com would be ready?<gg> fishweed

To: Rande Is who wrote (34981)	9/15/2000 10:23:38 AM
From: Kevin Shea	Read Replies (1) \| Respond to of 57584

Rande TA chicken and egg --- I do think that you are thinking along the right track... There are numerous examples of a technical bottom in which you get a "Blip" downward ( taking out stops ) and an immediate return and acceleration to and through the former support...you can almost anticipate this in so much as it happens so regularly, I think the same thing is true for limit buys on breakouts.. This is when automatic entries/exits work against you since you can't see them and "they" can...similarly we can only get month short positions while "they" are watching daily... The "take out the stops dip" can often be previewed by TA signals occurring before the dip, when the signals are trending toward the positive...that is, everything suggests up from the support and you get whacked... In these situations it is best NOT to use auto stops and go with alerts.... thus reacting TO the market... The correlary to this "take out the stops" is the volume AFTER it happens... one must be aware of the total volume traded at the lows ( these dips are often low volume down, then big buying at the intraday low) and then watch to look for a time in the future when the same (nearly the same) volume is traded again ... sometimes these look like bookends as I said before...The volume should indicate the trader to be careful, because if this was one MM then the game is over and the issue can falter... So chicken or egg....My view is that the chicken drops the egg after a bit of a show and then there are two chickens