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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: oldirtybastard who wrote (5696)	6/23/2001 8:28:02 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Thanks Dirty One, Yea, the ninja (-g) trading worked well this week. I had a record day on Wednesday and one of my best weeks on record. Sometimes however, my style of quick in and out doesn't work so well because I'll miss much of a move by being too cute. The key for me is to quickly know when we are in jello and not trade it. They say that a market spends 70% of its time going sideways. Some of that is in ranges wide enough that it's tradable, but I would say that the market spends 50% of its time in the untradable jello. I have a keen desire to always get better, and one of the things I am trying to focus on is to trade lightly when I expect jello and more aggressively (i.e., bigger trade size) when I do not. So much to learn... so little time. Did you see that they are reporting that NYSE short-interest is at a record high. That's worrisome for the bears don't you think? Cheers