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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: SnowShredder who wrote (24975)9/7/2001 5:03:16 PM
From: NW_Trader  Read Replies (2) | Respond to of 59879
 
Hi Collin,

You sitting out for a while longer? Probably smart. Got your trading entity set up? What else is new?

That macro low should be about the time J6P panics when the next 401 and mutual quarterly statements arrive. All our IRAs have been in cash since earlier this summer, but still have those long term bets placed, and trading funds are fenced to the minimum for now. In the past I'd have taken dollars out of the trade accounts to avoid temptation, but with the PDT rules, haven't done so as I want to keep accounts funded - and when the market turns the 4:1 leverage should work well for those who know how to manage risk. I'm redesigning some trading models for just that day. Meantime, got to pay the bills, so some trading is still necessary.

Peace and Justice --- Patrick



To: SnowShredder who wrote (24975)9/7/2001 7:25:52 PM
From: Rashid Garuba  Read Replies (1) | Respond to of 59879
 
Collin,

It also looks like there is a significant dip (what we are having now?), a recovery (double bottom buyers, me included) , then a lower low, which echos Mark's 1400 Nasdaq. Double bottom buying/expirations should get a good bounce from low 1600's.. could be a good one.. Then October does what it is famous for.. carnage..

We'll see..

Good Weekend..

Rashid