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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Daveyk who wrote (652)	2/21/2001 5:01:33 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

OT Was just listening to CNBC and they were interviewing ERIC GUSTOFASON. All he could do was blame Greenspan, but if I recall correctly hes been telling everyone to buy with vigor on the way down. He did say he was becoming worried, maybe a good contrarian indicator. Regardless, why does CNBC permit such an condensending interview.

To: Daveyk who wrote (652)	2/21/2001 7:46:18 PM
From: Michael Watkins	Respond to of 52237

It's turned into little more than a scalpers market on those rare days with a single trend. I don't mean to be cute or belabour the obvious, but when the overall trend is down, and it has been for days and days and days, its best to move up a time frame or so, find a nice position to be short in, and let time work for you. Over the past few weeks I've have more frequently been in short positions on the futures for hours rather than my customary few bars. There have been some terrific entries to be sure. Moving up to 15 or 45 minute charts has been a good strategy. On the other hand, with the lows approaching today I was much quicker on the trigger than I might have been. I suspect there's plenty of short time frame and big gun players all watching the key swing lows from Jan and Dec (depending on which index means more to them), wondering if they should cover or not. "Sell and Hold" the strategy for the 21st century... But, ya, I covered late in the day.