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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (54044)	3/8/2002 12:20:15 PM
From: Drbob512	Read Replies (1) \| Respond to of 100058

LD: I am not sure that going long at 1945 increases the quality of your trades, if you consider that 1950 area has some decent resistance, and once we get there, we may need another breather. I may sell a little near 1950 unless the volume is heavy enough. After 1950 we have psychological resistance at 2000 of course. I don't suggest you chase stocks today, but I have liked the prices last Friday and on decent pullbacks such as stochastic resets since then, but never buy on the highs of the session, or even the highs of the last 2-3 sessions but always wait for those inevitable pullbacks. But I am looking at most of my positions from a slightly longer timeframe than I was when I was shorting 3 weeks ago. We could have an upward bias for another 4-8 weeks as the indicators wind down.

To: longdong_63 who wrote (54044)	3/8/2002 12:26:19 PM
From: shoreco	Read Replies (1) \| Respond to of 100058

LD, Headlines like this mean we're getting close to that top... "Bears File for Unemployment" Full Story Link... yahoo.smartmoney.com EOM Shoreco PS Big up days like this take the summation index too fast, before you know it, they're topped out..... We need to remember the NYSE,INDU,SPX summations are all in positive territory while the COMPX is rising it's still in the negative. This means when the others top out if we don't get a rotation of money into the Techs it will fall short of going poistive.