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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: SBerglowe who wrote (18169)	10/26/2001 11:22:42 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

As you know, we don't have much respect for Crawford. Thanks for sharing that SB -- very honest.

To: SBerglowe who wrote (18169)	10/29/2001 9:32:02 AM
From: At_The_Ask	Respond to of 209892

Long semi OT post Susan, If I could make a recommendation to you it would be dont listen to gurus and letter writers. If these guys were so good at trading they would not need the income from subscriptions. Im not sure if you do any charting but look for plays on the daily weekly and even monthly charts. Often oppurtunities such as massively oversold or over bought indexes can be identified and traded profitably for mid term players. Look for changes in volume to spot turns. When all the sellers have sold (high volume declines gradually to a low point[this could take weeks or months])then buy and hold until you are right. (This easier said than done so be careful!) Its not as sexy as daytrading but its just as profitable if not more so when you factor in slippage and transaction costs. I favor indexes because they are more predictable and eliminate specific stock risk. The qqq is up 10 points or 30% since 9-27. Unhedged gold stocks are another good play in this environment. But they must be bought when they are cheap!($xau and $hui indexes are at weekly\monthly support[rising demand line]) Then another spike will come and your in business. Also read Elliot wave theory by Prechter and Frost. Out of all the things I have read on the market this is one of the best. Just learn the basics of waves and what they should look like and it will serve you well. "Reminiscenses of a stock operator" is another fantastic book. It has some great storys and examples on how to "buy cheap and sell dear". Plus many descriptions of various types of market suckers and hoodoo's. OK enough unsolicited advice. Also your puts may come back to flat or even a profit if they are novembers. It is a bear market you know. Or we may go "to the moon". BWTHDIK ATA