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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (4779)	5/14/2002 12:44:36 PM
From: nokomis	Read Replies (1) \| Respond to of 6346

My theory is not complicated..on a down day I trade the stocks no one is watching, but are moving up. On up days I play the market favs..but I'm almost always 80% cash at the end of each day, unless I feel very strongly about further upside...in which case I'll hold..

To: Jorj X Mckie who wrote (4779)	5/14/2002 12:50:12 PM
From: Oral Roberts	Read Replies (2) \| Respond to of 6346

Your going to think I am nuts because I think so myself but here it goes. All I have been playing of late is the SP but I am certain the Naz is similar. We made a bottom at 1050. We had our big up and then pulled back but made a higher low at 1054. We have now made a higher high. If we close around here we have broken out of a down channel that started on March 19th and has held since then on the top side. We don't have any reason not to go to 1100 at this point and that will break the weekly down line that has also been in effect since March. I know that there is some over sold being relieved and options crap going on but we may be looking at the start of a little more sustained rally. Little more sustained then 2 days I mean. ttrader.com