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

To: Chip McVickar who wrote (6676)	11/1/2001 3:45:12 PM
From: GROUND ZERO™	Respond to of 8150

Excellent post, Chip, and a good lesson in long term trading..... >>From what I've learned..., long-term bullish position traders will place orders all the way down in a falling market with tight stops..., as dictated by their systems signals and schooled intuition. So they lose 2 points here and there on the way down..., no big deal. To the average trader it looks like "bad positioning" and "stupid trading," and "ridiculous bravado"....., but in fact they know exactly what they're doing.<< This is exactly what is done... I know da cheif uses two point stops, he ain't crazy...<g> >>Furthermore..., GZ also did the same type of positioning on the way down and it's clearly presented on this thread. I believe he's still holding at a price very close to da_cheif's.<< Correct... I'm holding two SP's, one from 954 and one from 944, I had an order to buy an additional one at 934 but the market never got there... these two were picked up on Friday, September 21st and were posted in real time on this thread... my plan has not changed, I intend to hold them until December expiration..... cash SP's have incredible support at 950 and I "knew" it at the time... it appears the cash market also has support at 1050..... so far, so good.....<g> the best time to buy is when you're scared, if you're not scared, don't buy..... I consider my two positions rather light, therefore I'm not playing the short side as da cheif is with a heavier position to protect..... Message 16393453 Message 16394354 GZ

To: Chip McVickar who wrote (6676)	11/1/2001 4:02:50 PM
From: da_cheif™	Read Replies (2) \| Respond to of 8150

check dis out..dey luvus in Iran.. sf.indymedia.org

To: Chip McVickar who wrote (6676)	11/1/2001 4:43:13 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 8150

Bullish outside key reversals in the DOW, SP's, and Value Line..... GZ

To: Chip McVickar who wrote (6676)	11/1/2001 5:21:46 PM
From: Vitas	Read Replies (2) \| Respond to of 8150

Chip, given the poor performance of the CLX-CLXPP-AYDIS system during the decline in August do you have any ideas as to what failed - why was it giving false positive readings? Is it a matter of re-interpreting the figures in a different manner, using filters of some sort, targeting stocks that had minimal net changes for the day because of decimalization, dividing the Dow stocks into larger cap versus smaller cap issues and making a comparison, whatever. I, for one, would like to see the regular posters on this thread address the issue - how do you try to avoid major drawdowns in the future. Vitas

To: Chip McVickar who wrote (6676)	11/1/2001 6:34:05 PM
From: dospesos	Respond to of 8150

""From what I've learned..., long-term bullish position traders will place orders all the way down in a falling market with tight stops..., as dictated by their systems signals and schooled intuition. So they lose 2 points here and there on the way down..., no big deal. To the average trader it looks like "bad positioning" and "stupid trading," and "ridiculous bravado"....., but in fact they know exactly what they're doing."" yup that's it exactly. my system for example has a buy and sell possibility each day. on the way down i am watching for that buy (or go flat) place. if i get the buy i don't get married to it. same thing on the way up, looking for the sell everyday. buy low, sell high is the basic idea, ain't it....LOL