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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Prophet who wrote (9376)7/10/2002 10:18:58 AM
From: Dave Gore  Respond to of 16631
 
Prophet, I agree. Watching the VIX as well. Briefing.com had an interesting take on the Naz's performance and suggests that it needs to break its 20 day ema to suggest that it can rally. It has bounced up against it and fallen many times this year. That's something to watch as well.

Still there is a chance for a little bounce here or near here. Today a break of 1380 might lead to 1365. Conversely we need to get over 1400 at least with next resistance at 1455, per Raptor.



To: Prophet who wrote (9376)7/10/2002 10:40:12 AM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
<I have been in cash now for about 2 months, with very minor picks here and there.>

Prophet, I meant to comment on your statement. Doesn't it feel good to have largely been out of the Market (at least on the "long" side)? To sit back and wait for high R/R scenarios is what successful investing is all about.


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