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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: Trading Machine who wrote (10910)5/1/2002 3:06:52 PM
From: MonsieurGonzo  Respond to of 11051
 
TM> fog of war?

I went long on OEX+NDX sto and mo phish hitting the dock, thinking we'd get a T/A phish phlop in conjunction with month-end accounting cycle. Looked good on paper {grin}

...my TMW.X chart didn't flash "phish phlop" until Monday CLOSE, so my 1X entry was T-3 days too early, which forced me to either bail out STOP or, buy down ~ BONDs looked toppy so, I opted for the latter and executed a second, 2X buy programme.

it (the market) feels like the public's just not participating in the BigBoyz = index driver stox; the A/D line is telling me that the money managers are continuing to diversify pension funds/401K's into Small-MidCap/Value Stocks, diversified emerging markets and gold. imho, real estate (and REITs) are now a bubble, fwiw.

the pros and serious investor-traders (like us) still left in this market ...we should expect a lot of squeezes and traps (as Berney says) as there's nobody left in the pool but us sharks {grin}

anything more than this malaise-market ~ we'd be betting on the BKX+XBD financials BigBoys to lead the major indices back into the black.

your magic lines look fine, Paul ~ my only caveat is that there's apparently few participants left but pros and, they're looking at the same magic lines, wondering how the hell they can position themselves to take advantage of T/A traders ;-)

...in my experience, T/A always tends to "break down" at extreme tops and bottoms, fwiw.

IOW, break away from your instruments, Jeddi Knight Paul ~ listen to your gut ~ and LET THE FORCE BE WITH YOU !!!

_
I guess my advice to investors would be to ignore the major market (capitalization-driven) indices, and invest in the rising A/D line; ie., find out WTH is rising and follow that money, not the SnP.

-Steve