Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (46962)	1/22/2002 1:12:26 PM
From: Charles Tutt	Respond to of 64865

Wall Street is said to anticipate the economy by six months, so I assume you are saying the economy will be much worse going into the election? I could probably live with that, if it means the Republicans get trounced. Just looking for a silver lining. <g> JMHO. Charles Tutt (TM)

To: High-Tech East who wrote (46962)	1/22/2002 1:22:05 PM
From: Steve Lee	Read Replies (1) \| Respond to of 64865

Ken, I trade off oversold and overbought indicators, as well as some fundamental analysis. I am moving away from FA, (probably going to abandon it completely) due to the time it takes for the market to get it right, and the losses you can make while the market is wrong in the meantime <g>. The indicators always pick up a change in trend. It is a 100% phenomenon. This usually means you can spot a good trade by identifying a top or bottom. Trouble is, sometimes the change in trend is from an uptrend to a strong uptrend or a downtrend to a strong downtrend. Usually I can spot the difference, but sometimes I get it wrong. When it is wrong, it is wrong big-time. The way to cope with that is to set stops. For each security I have developed a stop system where I can differentiate between normal whipsaws that result in a good trade as opposed to false top or bottom signals. On Friday and today I made some trades on the long side, thinking we had reached a short term bottom. The fact that the buy signals have either been negated or stopped out tells me that it was one of those big time wrong situations. If we were going to bounce off the last few days' downmove, we should have bounced by now, and bounced hard. This morning's failed pump job was pathetic. I closed longs and reopened my major position, which is a significant short on NDX futures. BTW, what is an 18 bar entry? Sounds like a serious drinking session.