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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: shasta23 who wrote (28670)10/6/2000 3:36:30 PM
From: Logain Ablar  Respond to of 67981
 
Stefan

Bond yes, stock no.



To: shasta23 who wrote (28670)10/6/2000 4:02:09 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 67981
 
Stefan,

In times of volatility like now. It is best to shut off your TV and radio and only look at the charts. Ultimately, you need to learn to make you own decisions and develop strategies that keep you in your comfort level.

I am still looking for a test of the May low in the 3100/3200 area. There is no hurry to go long, except for for intra-day trades on a bounce. I am not a big buyer here. We need a big volume day with a break of the leaders to signal a bottom. All IMHO though. Which with 10 cents still won't get you a cup of coffee.

Have a good week end.



To: shasta23 who wrote (28670)10/6/2000 6:45:00 PM
From: drsvelte  Respond to of 67981
 
Hi Stefan!

Wow, I noticed something very curious. Despite being stopped out of 5 issues today, my % cash in my balance is actually rising!!! Am I a trader or what!ggg

I hope we will get our wish next week -- 200+ points down, high VIX, TRIN, negative -1200 TICK. Probably, though, the way this market has confounded us, the next day will be twice as bad, crushing those that thought they bought "the" final dip.

Good luck to all. At least while all this carnage is taking place I'm at my beautiful beachhaus