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


To: Jack T. Pearson who wrote (4582)3/31/2001 12:29:14 PM
From: NucTrader  Respond to of 52237
 
>>I sold my Ultra Bear Profund (2 x NDX) today<<
Yeah, I dropped my RYAIX and RYURX at the same time. My only longs right now are CFIMX, OAKLX, and RPMGX representing, respectively, 6%, 6%, and 3% of my portfolio with rest in US Treasury money market. With retirement in 3-5 years can't be as aggressive as I want to be, but in this market that's turned out to be "not a bad thing". I know what you mean about not risking much of your portfolio - that was great advice from Don, it's what I've been doing too, but sometimes I feel I'm in a fight with both legs tied together and one arm tied behind my back. But I'm up +3.5% for the quarter net of trading fees, and I'm pretty happy with that as I'm still employed full time. The guy I've been following lately has been uncanny - he correctly forecast a "Timing Low" between 28 -30 March AND correctly forecast 3/30 as being up. He says buy the dip on 02 April, which he has forecast WILL occur, (he uses S&P) for a nice run into a high on 05-06 April - sees a "Timing Low" from 12-16 April, ? commencing on 09 April (Bradley pivot date) and then a rally 26-30 April. Also sees potential for a low challenging or exceeding the 22 March lows sometime in the next month - if it isn't between 9-16 April, most likely in early May. He wanted his clients holding 2-3 long S&P contracts on the close 02 April without sell stops - wait for the first confirmation day (UP close) then set sell stops @ -1.50 below lower price between 29 March and confirmation day. Lastly, he also said bonds were going to take a smack next week during the (anticipated) market run into the 05/06 April high. I've been thinking of LONG: SPY, establish 02 April leaving the QQQs alone. SHORT: RYJUX, establish 02 April, with close of both position NLT 06 April. All this with the usual, BWDIK, FWIW, etc.