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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (38599)	9/27/2000 1:13:23 PM
From: AlienTech	Respond to of 43080

Are we dead yet jim?

To: Susan Saline who wrote (38599)	9/27/2000 1:13:38 PM
From: AlienTech	Read Replies (1) \| Respond to of 43080

* How many times are you going to post the same message??? shorting chartstudent 9/27/00 12:55 am Shorts take some forward vision. They take a while to produce results, because you have to get into them before the move starts, and you may have to go negative before the move starts. Other than the bollinger band tactic, shorts are most successful when the stock is below the 50 and the 200 dma's. The sellers are in control of the stock and the trend is down. Better yet if the 5/15 charts, the price is also below these ma's. One of the toughest things for me to learn, is to know when to short and when to go long. Slowly, I am becoming more cognizant of the nytrin/nytick count as to the environment for trades. For instance the trin was above 1.00 for a majority of tthe day, and the tick was in the negative range for the majority of the day. Add this to a negative naz trend, and the bigger moves in stocks were all to the down side. Where I have problems is trying to will my long trades up when the environment is not condusive to the trade. Staying with trades that are with the trend are more profitable. I try to enter each day with several trades fopr longs and several for shorts. Then regardless of the market, I am ready to trade with what the market gives me. Additioanlly, because stocks move more strongly with the weekly trend chart, a stock that is negative for the week, will have sytronger moves down, and vice versa. So right now with the market in the tank, almost all of the weekly charts are negative. Gaps - a stock that is trending down, that gaps up on a positive naz opening, generally is s great short play. The gap is because of the market, not the stock itself. As the amateurs are buying the stock thinking that the trend has reversed, I sell short into that gap, with a tight stop above the gap. This is of course provided that the stock did not put in a bottom the day before. Shorting is where candle charts really come into paly, along with moving averages. They are self-fuilfilling. When a trader sees a doji on a 5/15/60 chart at the high of the day, or at a peak, he sells his long position. By the same token, if that doji shows up on a pullback on a downtrending stock on an intra-day timeframe, that is when to get short as well. Just takes a bit of time to get the thinking down. Short stocks that are down for the day, when they are pulling back, with a negative naz. Go long on stocks that are positive for the day, when they dip, with a positive naz. The bollinger band is just a trading tactic that utilizes crowd mentality/panic regardless of conditions. Thanks for the caring thoughts on my personal stuff. Take care. Chart