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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (53576)	8/1/2001 7:07:31 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

I absolutely agree. I'm attempting TA to time entries and exits, but the direction of the trade is based on the longer-term trend + FA + short-term trend reversal. Short-term (5-day swings) we are about to reverse, and I don't know how low that goes. Once profitable, the trade takes care of itself as I move stops even if I don't guess the longer term trend. Based on prior bubble busts, the area to consider going long Nasdaq-100 is between 325 (1990 bottom) and 350 (1994 bottom), although usually the index "overshoots". BWDIK