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

To: 10K a day who wrote (8083)	7/8/2001 1:37:53 PM
From: TWICK	Respond to of 19219

The direction continues until it changes. Things remain the same until they don't. lol I too only know Tech, and Bio. Feel much better after confessing that. Liberating. ROFL !!

To: 10K a day who wrote (8083)	7/8/2001 2:20:37 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 19219

I don't use stops, if I need a stop then I need to stop playing. It's the stops that market makers see and use that gives them such an edge. Stops will nickel and dime you to the poor house, If I get worried about a bet I box it off , but I gave up messing with stocks. To much troble and time for what they are worth the NDX , "QQQ" and sometimes the S&P ( spy ) are all I play anymore however I do use some leveraged index funds when I want to set up a Hail Mary. I just focus on the index and try not to get distracted by any of the noise or from some wild ass move on any other part of the field, the index is where the main game is at & if I can call it's moves over 50% of the time then I got it made , I can do that easy enough IF I don't try to call it's every move..like if I wait out most of the space between it's last 4 cycle tops and bottoms..cycle time does change but it changes sort of slowly , right now we have been doing a 6 or 7 day dance high to low , with about the same dance low to high...so we have 2 more days to finnish the low dance unless the cylce changes , & it might so I'm 1/3rd in. There is a lot more action in the boring old index than meets the eye; if you bang away with a leveraged fund. Jim