Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark Konrad who wrote (47396)	2/14/2001 3:01:50 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

Public response to many e-mails and pm's: Time as a function of rallies and routs (or "one day does not a market make"). Here are my thoughts: For position traders (such as myself), we generally get far better buy/sell signals over a period of days rather than hours. The benefit is greater certainty with fewer trades while the disadvantage is usually missing absolute tops and bottoms. For example, I'm currently watching the QQQ's for an entry after having sold in the high 60's last month. Today it appears to be making a very strong upside reversal but I probably won't get the "buy" signal I like to use until tomorrow at the earliest. I COULD get one today but the Naz would probably have to be up 60-100 points. Even then, I'd actually prefer two days of 30-50 point gains rather than just one big day. Same holds true for many individual issues. This also helps avoid headfakes and traps (though certainly not as well as I'd like). That said, this market does show many signs of being short-term oversold and new long positions generally have a good rate of success with that backdrop. All in my opinion--MK--

To: Mark Konrad who wrote (47396)	2/14/2001 7:28:11 PM
From: DlphcOracl	Read Replies (2) \| Respond to of 57584

Mark K: Tech rally? I wouldn't bet on it. NASDAQ and chip sector rally has no basis on fundamentals or fact. Nearly all chip and chip equipment companies are still giving negative forward guidance. I remember the mid-March to April 15th time span as being particularly unkind to the NASDAQ and think this might be a more opportune time to re- enter the tech sector. I still think the NASDAQ will retest (and break) recent low of 2280. Today's bounce is for the quick and nimble traders, not for simple folk like you and I.