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

To: besttrader who wrote (25841)	6/2/2001 11:56:58 AM
From: Paul A	Read Replies (1) \| Respond to of 37746

Me thinks that any TA at this point needs to take into consideration the low volume which will skew things, and in this case its to the upside.. I use basic basic BASIC ta for my stops/buy points, but beyond that I dont really follow it at all.. Next week there will be an answer after the fact why the shoulder was broken or this or that.. I follow a great trader named 'Tatrader' but I always felt his one huge mistake was he is 100% strictly TA.. sometimes it shocks me how he can predict news or other events just from charts- but there are times where the fundamentals are more important.. Huge gap up on high volume, and possibly CNBC mentioned it at 9:25 causing an extra bounce that technically shouldnt be shorted but if you realize what caused the bounce etc etc.. well you get my point.. What stocks are you long at this point? Im only holding longer term positions so I could use something that will move up with the market if we break and could cushion my fall.. BVEW really turned out to be a disappointment for me, but Im sticking with that one for 3-6 months (or 1.50) whichever comes first :)

To: besttrader who wrote (25841)	6/2/2001 12:22:33 PM
From: Paul A	Read Replies (2) \| Respond to of 37746

ooops- I just wanted to say one last thing :) With regards to NVLS.. I actually thought long and hard about jumping in long the other day when CNBC was actually bashing them and warning about after the bell conference call being negative blah blah blah.. Of course there was nothing positive about the call at all.. They already had revised down heavily, and stood by that earlier revision.. whats so good about that?? but I think too many people smelt free money and it just became a big squeeze play.. but it takes more then a short squeeze to sustain momentum and so far the techs cant seem to do anything more then live on the short squeezes day after day.. Maybe another surprise rate cut on monday would help the bulls once and for all move this market higher.