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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: gongoman who wrote (42867)	8/24/2001 12:17:48 AM
From: FLACK	Read Replies (2) \| Respond to of 100058

gongo "I am thinking maybe going short tommorrow if we can get a nice juicy pop in the morning , you up to anything?" Just the usual. This is an extremely tough market to play (oops, there I go again with the obvious comment), as we've narrowed into a trading range. I've been playing basically the same technique over and over again. I know I've mentioned this a dozen times and you're probably getting tired of hearing it... but it just keeps working. (I guess I'm never going to be a New Age kind of trader who sticks his/her neck out.) I watch a few of my favorite dogs that move with the NAS and a few "Pack" selections and watch the NAS for the obligatory second rollover. So yesterday I went short around 10:45 and covered around 11:45, when short around 12:55 and covered around 3:20. I didn't go long because it looked (as I posted) contrived. Today I went short around 10:45 and covered near 12:40 for basically a flat. Went short again around 1:15 and stated covering around 3:15 - had a feeling we might see a rat tail. And the indicators were crossing to the upside. As you know, we did get a spike but it failed, so I didn't get as much as if I had held till nearer the close. But holding would have meant breaking my rules and doing a gut play, which means relying on hope. Luckily, I don't often make that mistake. Tomorrow I'll just do the same old, same old. It's not sexy, but then neither am I :-) How are you managing to do in this market? Are you waiting to get long something?