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Strategies & Market Trends : Swingtrade -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (254)	3/25/2001 1:01:06 PM
From: Brandon	Respond to of 336

Just in case anyone takes the time to remind me how much I like bottom fish <carp> , I thought Id let you know I have a friend who is a chef and he made some for me last week..it was tollerable but not great. B

To: Brandon who wrote (254)	3/25/2001 1:03:52 PM
From: Brandon	Respond to of 336

One fast note on bottoms and such things. Im sure many people will go head first into many of the old leaders such as QCOM, JDSU, cant got wrong with CSCO etc. Just remember though that our old bull market is dead and a new one needs new leaders. It wont take off on the same old names. Brandon

To: Brandon who wrote (254)	4/2/2001 5:56:06 AM
From: Brandon	Respond to of 336

One of the more common questions I get is why do you wait for price breaks in a stock before buying or selling. If you like it, doesnt it make sense to get in at a better price. The answer of course would be yes if I liked a stock right at the present price. However, the way I use technical analysis is as an "If A occurs than B is likely to occur" tool. Because of this, confirmation (A) is required before entry (B). That said, continue to watch the QQQ for an entry signal above 44. Keep in mind that things could get pretty dicey over the next several weeks to months. Failed signals are often the strongest signals in the market, and if the Nasdaq can not stage a bit of a recovery from here, I suspect that $20-$25 could be in the cards for the QQQ. Brandon

To: Brandon who wrote (254)	4/3/2001 6:57:58 PM
From: Brandon	Read Replies (1) \| Respond to of 336

Im going to offer a bit of follow up on the post im refering to here. In that post I was referring to a buying opportunity in the Nasdaq due to a very rare and reliable indicator, the overdone 10 day trin reading, which had to this point never failed. They say there is a first time for everything, and at this point im going to concede that, even though no setup occured using the price criteria I had in place, the closing Trin gave a false signal. Please refer to this chart swingtrader.net As an investor or trader, it is very important that you maintain a perspective of the past. When markets become over bought, they are not unlike a runner in a marathon, they need a chance to rest. There are two ways they can rest, and that is to go sideways down or they can do both. A false signal is usually more powerful than the actual signal, especially when dealing with a signal that has never failed. At this point a logical "target" if you will for the Nasdaq Composite is under 1000 if we correct the rest of the way with price. If we correct with time, then one could expect 6 to 8 years of sideways action in the market. Brandon