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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (23871)	8/14/2001 7:13:57 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 30051

Whew!!!! all i said was watcha think<GGGGGGGGGGGGGGG>????? ok ok..got it..and fully understand...everything you wrote about is happening 10 fold all over the country...we are far from being out of the woods.. however having said that..we can and should make solid use of tradable rallies..then short them at the tops.. so far thats exactly what i'm doing...this is the second time in the last 30 days i have been long the market heavily...since last week...and then again on July 12th at the bottom... i own a ton of semis..and NVDA was a major long trade for me off a perfect pullback chart on P&F..in fact all the semis had perfect pullbacks.....was thinking i MIGHT get lucky to see 86/87..and wished about 90...amazing stock to trade.. having a total bearish bent in this market has played well for almost 1 1/2 years..i know, cause' i was hollerin' sell all rallies...and still am..but i like the long side too..people are afraid they'll miss any kind of move up.. the fundies are so shell shocked that they will dive into the abyss at a moments notice..i see it in the real time charts...on volume spikes etc...fun to watch.. yesterday we were watching the volume on the NQ01U's..the first half of the day there was contracting volume right into the turn..then??? POW!!! the volume spike to the upside..and we daytraded long right then and there... i was already long so it was sweet...i'll probably use trailing stop gains, thru the day and continue to move them up and let the market take me out pre AMAT...looking for a down Weds thru Friday where i will re load the boat for the FED ... hope your ok...stops are so important while we trade either way...hard stops at that.. best Rich.. jer