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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Doug who wrote (66118)1/6/2001 9:23:14 PM
From: Saulamanca  Read Replies (1) | Respond to of 99985
 
Doug, Believing that Wednesday signaled a short term bottom my trading plan Friday was to buy a retracement. Naz Trin bottomed on Thursday @.73 and continued rising(bearish).

astrikos.com

I was looking for a change in trend that never happened. Nothing worse than buying a dip only to be dipped.-g-

Since my set ups were buys at support levels I couldn`t execute my plan. It was safer to stand aside. I did buy a couple of stocks before the close that came to support levels and held but smaller size positions than normal.

Monday is another day.

Jim