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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (260)	9/24/2001 12:39:09 AM
From: Mike M	Respond to of 13660

Marvin, IMO capitulation is a process. I believe it started Wednesday when the NAZ broke 1500. In 1987 the capitulation started on a Friday, accelerated Monday and climaxed Tuesday morning. It was a 3 day process. And, I think it started Monday when we broke through the previous low 1629 on NAZ. That makes this a pretty long process.

To: moufassa7 who wrote (260)	9/24/2001 12:50:09 PM
From: carepedeum2000	Read Replies (1) \| Respond to of 13660

looks to me like they want to squeeze the shorts this week, seems like a lot of people are waiting for this little pop to fail, which means longs will probably win the week, setting up some renewed optimism, only for the bears to return in october for a retest of fridays lows, still a traders market, but this week will be a breath of fresh air before the bears return to remind us they are still in control next week, would like to see a nice bottom hold towards the end of october before i really get long in this market, until then profit often

To: moufassa7 who wrote (260)	9/26/2001 3:03:21 PM
From: Silver_Bullet	Read Replies (2) \| Respond to of 13660

What a beauty that short on PDLI @ 44.10 today was...in my short term (daytrading Account) Also sold my BBH from 103 @ 106... in my longerterm hold overnight account Message 16392260 I guess the SEC has made the difference between short term and long term.. short term is less than 1 trading day and longterm is a hold overnight.. ROFLMAO The difference, you have to maintain 25K in a short term (daytrading) account and it can't be an IRA. A pattern Day trader is defined as follows: If you day trade 4 or more times in 5 business days within a single account, you are a Pattern Day Trader. What the heck is this supposed to accomplish. Keeping people away from the makets so they continue to go down? For the markets to go up we need interest and that means we need more players not less. By restricting the access to the markets, and limiting the type of trades the average person can make they are inflicting much more damage than a stupid short sale rule ever will. mytrack.com FT EDIT: if your IRA qualifies as a Daytrading account you will be forced to close it... What a bunch of bull.