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To: Boplicity who wrote (10069)2/12/2001 11:13:03 AM
From: JRI  Respond to of 13572
 
Added EMC...don't like the job cut news..but figure Mike R. will pull a rabbit out his hat at the tech conf....techs won't go up without EMC going up....and since its lagging today, thought it was worth a go...

Hope Tom Siebel or Mike Ruettgers don't lay an egg today....that could tank the Naz again tout d'suite..

Otherwise, I like the, even-if-short-term, upward momentum..



To: Boplicity who wrote (10069)2/12/2001 12:24:43 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
we are nearer a significant bottom in the naz then in sometime.

Nope, still early IMHO.
Good time to play for a DCB perhaps (at least I sure hope so).

Watch for CSCO at about 18 or so.
That will be close to bottom IMO.

M



To: Boplicity who wrote (10069)2/12/2001 3:49:37 PM
From: Walkingshadow  Read Replies (2) | Respond to of 13572
 
Greg,

For QQQ trading, there's a neat little system developed by the BTTT-MAX traders. Use a 5 period EMA and 8 period SMA on the hourly chart, and go long when the 5 EMA crosses up through the 8 SMA, and when the 8 SMA crosses back down through the 5 EMA, sell long and go short; repeat ad infinitum.

207.61.23.99

Works just as well on a 30 minute chart also. They have back tested it extensively, and have been forward trading it for some time. Not huge gains, but consistent base hits, with relatively little drawdown. Also, doesn't require constant vigilance, as buy/sell signals only seem to occur every couple of days or so. Gaps don't seem to be much of a problem, as the system seems to get you in on the correct side of the subsequent gap. Might want to check it out.

I'm wondering how it might work with calls and puts.

T