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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (9081)	2/24/2001 10:08:55 AM
From: Trading Machine	Respond to of 11051

Steve, RE: Reason to buy! TM did it! GGGGGG not Seriously Steve, there are some reasons to buy and Berney kinda glosses over them with the philosophy of buying far away from the weekly DT line. The other part of that is that you have to sell them relatively quickly. And, and-, there are some reasons NOT to buy also. The down trending trading channel (Da BEAR Mkt) has some peculiar characteristics as far as investing is concerned. 1) The weekly down trend line: It is steep enough so that if you buy near it and it doesn't happen to break it to the upside you are underwater right away and will be until the bear takes a nap! 2) TIME: You option traders are used to this, I'm still learning to appreciate it. If the DT channel is steep enough and NARROW enough, you are in deep dodo no matter when you go in! In these kind of situations usually the drop is faster than any local rise; Therefore it is completely possible that even if you buy in at the lower support line and the stock starts back up s l o w l y, time and the DT line take over and you get whammed before the price gets back past the entry point with enough profit for you to say "I'm out of here" and sell. Usually when most people get to this point they think it will "go on up" or they say "I'm gonna wait and it will go on up!" We've all been here! 3) Other lesser trend lines in a weak stock: I don't know how many 15 minute, 60 minute, and daily trend lines you have to navigate through just to get back up to the weekly DT line. On the weak stocks I bail at the 5 minute DT line, if it smashes through it, or I am lucky enough not to see the line and the price goes up through it, I switch over to the 15, so on and on until I run out of time and/or patience. Lately Berney has observed that the 15 minute charts work well, especially on Indexed funds and some strong stocks. When he gets skeered, which is frequently because he's smart, he reverts back to the 5 minute charts and bails. You experienced trader know all this stuff, in fact you probably take it for a given that everyone knows it, I just thought it may help to articulate if for some of the folks that visit here... CU Paul Kellam BTW Berney, I saw Friday where the Fed drained the swamp first then put the plug back in around noon. A very fortuitous decision IMHO.

To: MonsieurGonzo who wrote (9081)	2/24/2001 11:41:14 AM
From: smolejv@gmx.net	Respond to of 11051

>>give me a reason to buy -?<< Nooo reason, Steve, no reason at all. Keep cash for Cal el/power spot market. dj PS: Why am I doing this... I guess I want Sheldons this side of the ocean thats all.

To: MonsieurGonzo who wrote (9081)	2/24/2001 4:04:28 PM
From: Gersh Avery	Respond to of 11051

Only reason that I've been able to see since '96 is that the market might go up .. I'm thinking about doing some DCA in the 401k .. looking at that ~3/2 entry date for TWCUX. What I think that I'll try is to commit 20% per day starting Thursday.

To: MonsieurGonzo who wrote (9081)	2/25/2001 12:54:36 AM
From: Berney	Read Replies (2) \| Respond to of 11051

Well, ah I dunno know. Maybe, because C is less than BAC in price; maybe, because KO, MWD are getting close; maybe, because WCOM and GLW are trying to break nasty 60 minute lines; maybe, because SUNW did what I've been wondering why others don't do and break the back of the shorts by announcing a big share buy back; maybe, because QQQ could run to $55 and maybe even $58.87; and even maybe because TM committed. <gg> Most of all, maybe, because I sold QQQ at $59.70 on 2/15, and they've taken one hell of a hit since then and are due at least a DCB. Then, maybe, it's not a diamond pattern on the INDU weekly chart, and just a big pennant from your 10,300 to the down trend line around 11,000. Maybe, because, unknown to me at the time, the Fed came into play on Friday, breaking a developing tradition. Nonetheless, the down trend lines are obvious on all the charts, and, until they get broken to the upside, it can only be a trading rally in a bear market. That's the way I'll treat it! Should be back in the warmth of the swamp the middle of next week. Until then, Just a View from the Frigid region. I'll be 90% cash before I leave on Monday. TB

To: MonsieurGonzo who wrote (9081)	2/27/2001 1:53:53 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 11051

Settin' here looking at the keyboard thinkin' "bear market rallies are kinda tough to play with t+3 timing .." Haven't yet been able to bring myself to put in the first of the DCA orders .. I figure that sometime next week we'll start to get the pre FOMC run up .. I'd try to time the T+3 exit for the close on 3/19. The day before the fed meets. If I can find my ballz .. AG revised his speech to present to the politicians tomorrow. Me might have figured out that the economy is in hot water .. Typically the most productive method to work AG timing is to give the bull some room .. However once in a while he makes something like his "irrational exurberance" statement. Tomorrow may be such a time.