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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Abner Hosmer who wrote (20186)	12/15/2002 7:45:03 PM
From: James F. Hopkins	Respond to of 30712

If you look at my profile and back to messages about a week or more ago you'll see where I talk about a Dollar Volume Index that I created and use. It works real good on "short term trades" however I can't always be watching it and sometimes I let it get out of date. Any one can set one up to use, and they would understand it better if they made and watched their own. I still run a tug boat, ( part time and often I don't now when they will call me out ) That not knowing if I'll be able to track the market has me doing more in the way of position trades I hedge with CCs. -------- I've learned over time not to panic and buy the CCs back to get out..it's better to just buy puts on a position than to unwind the CCs ..however with that SMH I did the CCs then the puts, ( twice ) then bought the CCs back on a dip to sell them back on the bounce and rolled them down at the same time. All taht left me just a little ahead and still holding her, one more bounce and I'll do the puts again. I just got into SMH to early and was gone when the early damage was done. Sometimes it's just being able to make the best of a bad move that can save ones arse , and I've been getting a lot of experience at digging myself out of bad moves. Jim PS I often call my Dollar Volume Index the DVI.. It's saying ( sort of weakly ) we are going to gap up in the morning, it's not saying it strong enough to overcome very much bad news which could come , however if the news isn't too bad early on we should rally.