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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: budweeder who wrote (7539)4/11/2001 8:30:06 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
I have not taken advantage of the morning closing time on dynamic series.

Please tell us your experience with it. And do you take the opportunity to lock in morning or afternoon prices?

Best Regards, J.T.



To: budweeder who wrote (7539)4/11/2001 10:02:15 PM
From: budweeder  Read Replies (2) | Respond to of 19219
 
Hi J.T.; In this manic/depressive market it seems that extreme sentiment shifts can occur within a 24 hr period...most of my position changes are still taken at days end, but on several occasions over the last couple months where there has been a big "up" day (say 9% on the NDX)...I have hedged off part of a long position with the Venture fund (inverse 2X NDX) at days end....the next morning would open down say 4-5%, and I would move from Venture to Velocity at the 10:45 price.

I am probably next to the worst market timer in the world, but it is an advantage to have two closes on some of these hyper days........all FWIW, of course.

Regards, Bud