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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (28086)	11/2/2002 2:54:47 PM
From: MeDroogies	Respond to of 39683

Next week should be darn interesting. I have yet to see a good reason why the Dow should move up, aside from a general assumption that the worst is behind us, economically (my belief). However, that's not a good reason for a rise from here. Depending on your POV, the Dow's 4 tests of the 8550 range this week can be either an ascending triangle (a weak one, at best), or just an example of the Dow bouncing off resistance, which is what it looks like since it has broken through the bottom of 2 different short term trading channels. Still, this thing has been full of surprises the last 2 weeks. The flip side, and one I'm inclined to believe, is that this is the beginning of the "rollover" process for the next couple years, with 7200 acting as the "floor". This would allow the Dow to rise to about 9200 from here, before pulling back again. Some charts I've seen say 9600 is possible, but that's pretty far over the 20 year mid line...unless 9600 is 4-6 months out. All in all, very interesting. What's the ancient Chinese curse say? "may you live in interesting times"? LOL.

To: Dr. Stoxx who wrote (28086)	11/3/2002 9:51:06 PM
From: Dr. Stoxx	Respond to of 39683

Daily Newsletter just sent out...futures are rocking here. TC

To: Dr. Stoxx who wrote (28086)	11/4/2002 7:21:08 PM
From: Dr. Stoxx	Respond to of 39683

BTT Trading RESULTS (start: 7/8/02) JOIN THE PARTY: befriendthetrend.com (join our FREE Mailing List for a Weekly Update and FREE Pick of the Week) or email the good Doctor for more info: drstoxx@befriendthetrend.com ======================================== For all July trades, see post #25233 For all August trades, see post #25758 For all September trades, see post #26888 For all October trades, see post #28036 November Trades: 244. WEN long: -1.15 245. CEPH short: +0.77 246. SFA short: +0.29 247. BRCM long: +1.36 248. LEH long: +3.35 249. AEOS long: +1.00 250. CHKP long: +0.65 251. ATK short: +2.00 252. QQQ puts: -0.45 ========================= Total Points Gain: +154.65 Wins: 199 Losses: 53 Winning Percentage: 79%