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

To: LindyBill who wrote (50)	9/30/2001 6:56:16 PM
From: OZ	Read Replies (2) \| Respond to of 248

I just think that it is safer to short this market, both short and intermediate, than to go long.....Our biggest difference is how close to put a stop order in at. I have nothing written in stone on this.... Since you are not using T/A to time your entrances Lindy, you really have no choice but to go short and let the bigger trend minimize your risk for you. And since your entrances are almost random and without much regard to what the stock has done in the past several days you really do not have the luxury of a tight stop either. T/A allows you to set a tighter and less random stop by clearly showing you on the chart when the trade has gone wrong. People like us that short term trade full time, shorted plenty of things in the bull market on days that were weak and conversely buy many things in the bear when thing are moving up. But if all you have to say is that the intermediate to long term trend is down and do not read charts for support, then you are right to only trade it one way. By the way, I do agree with what you said about this particular pick underperforming the Naz on an up day and that would be a warning sign for me too in regards to this particular stock. But I would have to call that form of analysis, technical analysis (Relative Strength) Oz