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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: tsigprofit who wrote (8155)	3/10/2001 1:46:40 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Don't feel bad, I ate over $20k by buying into the crap that was coming out of Wayne Angels mouth, looking for a nice bounce, but I made that back 3x since in the indexes by doing what I know best, following my t/a and not being led astray by the talking heads. You just have to admit to yourself you were wrong, take the hit, figure out what went wrong and fix it, fast, 'cause this market won't wait... If you scroll back a month or 2 I was calling an NDX low @ 1805, and if I had just held those positions until Friday, it would have been a return in the upper 6 figures. On the one hand, my analytical brain was saying no way can the NDX dump into 1805, and my creative brain was saying sure it can, the charts are telling you just that, and these are the same charts that have been working since August. So I did a blend, trading off my steps, long & short, which were NDX 2304 2248 2152 2088 and the big nasty, 1805 But just holding those original short positions would have worked the best, return wise, heck, I could have been on vacation the past 45 days. As to your question, I do options & futures, sometimes at the same time, just depends how much risk/leverage I want to use/carry at any given time. Also, unless you really know how to cut-loss, stay away from futures of any kind, ok? It is probably the most dangerous thing one can do in the markets, other than buying ETYS @ 60 bucks on margin<g> Many firms will let you play trade, that is a good learning tool. Did you see the nice dump IBM has had the last 2 days? All the Humty-Dumpty's are falling off the wall... The question is can they get put back together anytime soon? A tax & rate cut will help, but for the next few quarters, the news will continue to be nasty for many of the techs.