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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (12992)	8/5/2002 1:08:52 PM
From: Dave Gore	Read Replies (2) \| Respond to of 17639

Jorj, I don't know. I trade stocks and I think it is an oversimplification to only trade on the short side when the market is going down or up when the market is long. ORB, for instance, is up another 10% today and it was up 20% off the LOD on Friday. Now, if I were only trading S&P futures or the QQQ's, I would agree, but I am mainly playing Reward/Risk and certain stocks tank to dramatically oversold levels on weak days in the Market. I try to look at how oversold or overbought the stochastics are getting on the stock, sector and markets. I also do what you do and look how close the markets or a stock/sector are to support or resistance points. Very good R/R trades can appear at any time. If I can buy oversold ODOD's or ODOW's at the precise moment the Market is turning on some unexpected major Market moving news, all the better. A temporary market rally within a major down day can be profitable as well. For instance, I figured that shorts might cover a bit in the last 30-60 minutes on Friday, so I bought WMT for a quick trade. It was a little trade but a quick, calculated safe play with a .75 gain. The bottom line is if you or anyone else has found a strategy that works 70% of the time, stick with it. There is more than one way to win. I just want that real-time or daily short data. That would boost the small guy's success rate dramatically. I hope all of you write them and ask for real-time or daily short data. (E-mail pubcom@nasd.com) Message From Patricia Clem: With regard to your suggestion about being able to obtain daily short interest, I would like to suggest that you send any further comment you have in this regard to pubcom@nasd.com. Thank you for bringing these matters to our attention. Very truly yours, Patricia A. Clem Assistant Director Market Regulation Department