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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?


To: Jack of All Trades who wrote (5257)9/21/2001 1:12:33 PM
From: GROUND ZERO™  Respond to of 8150
 
That's easy... I regard 950 in the cash SP's as significant... I didn't know if we would ever get there and being so close I wanted to take a nibble at the long side, tight stops are warranted... I use tight stops when I feel less sure and no stops at all when I feel more comfortable... at these levels around 950, I feel relatively comfortable to begin taking long positions and not concern myself with close stops, I have no stops since I'm waiting for a spike down to 34... you'll notice 950 was key in 1998, and the markets always seem to remember previous key points, as I'm sure you know.....

Again, if you don't understand what I'm doing and you're genuinely interested, it would be better to ask questions before you post judgements.....

GZ