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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (19200)3/12/2002 7:41:13 PM
From: Alan Smithee  Respond to of 23786
 
. I believe that DWA gave the "all clear" to go bullish on Nasdaq stocks just yesterday.

Uh Oh. We must be close to a top.



To: Jorj X Mckie who wrote (19200)3/12/2002 7:52:55 PM
From: arno  Read Replies (1) | Respond to of 23786
 
But then again, nobody is asking me to manage millions of dollars

Pssst....Hey Jorj, I need to leave for awhile. You wanna manage my portfoolio?



To: Jorj X Mckie who wrote (19200)3/12/2002 8:53:00 PM
From: J.B.C.  Read Replies (1) | Respond to of 23786
 
No DWA didn't give the all clear, they were very cautious on any entry's into any of the tech stocks but they did say entries could be made, but adhere to risk management techniques. They are very bullish on commodity related stocks such as oil's and utilities.

Jim



To: Jorj X Mckie who wrote (19200)3/12/2002 9:55:42 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 23786
 
hey! A simple yes or no would have answered the question! -ggg-

Jorj, seriously (wink,wink) - no really - I think this market is going to confound the heck out of everyone and run up some more, possibly to April or May. I think the pullbacks may be short, shallow or scary. I think the pullbacks could last for 1/2 a day or two days. I think it will last like this until the public says the bull market is back and everyone and his grandmother is back in.

Then, we have a very substantial correction.

Look at the Bradley helio-
amanita.at

Then, read this article. It appeared in the LA Times, just days before this rally started. I knew then that traders were going to have trouble, and posted as such.

Message 17078933

Example - I had a trade thoroughly lined up for this am. I saw Japan, etc last night and expected this pullback. (Expected more, actually!) I woke up early (you know how early That is!) and watched.My stock pick pulled back to exactly support and when it reversed, I put in my order. (Iknow, I know, should have done it earlier!!!) Well, the son-of-a-gun took off and never looked back. Up almost 3 points before it reversed. Well, I could have chased it but froze. Now, it's pulled back to within 50 cents of my buy price and I'm chicken to buy it. The next move might be the other way.

I'm a LOUSY trader! -ggg-

In examination of my mistake - since I felt so secure with my trade, I should have had an order in. I think subconsciously, I really don't want to trade. I would sure get more sleep if I would just admit that to myself.