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

To: Dave Gore who wrote (12973)	9/26/2002 1:28:33 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Bottom line --- the REWARD/RISK for the Naz was very good Tuesday at 3:59pm... when it held support at 1170, and is (like I said earlier today) a much worse REWARD/RISK now. The odds of it breaking major resistance at 1245/1250 were small. The news was just not THAT good. It's really quite an easy formula for going long and shorting, for those playing one or both sides. Sometimes I think most everyone overtrades and isn't patient enough to wait for the strongest REWARD/RISK on the long side and the strongest RISK/REWARD on the short side.