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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (68756)	3/17/2003 2:01:48 PM
From: Perspective	Respond to of 209892

In truth, I caught a little of that. I ditched a few hedges, but nothing substantial, and I put them back on at a minor profit. I've been gradually rotating out of tech shorts and into non-tech shorts for some time now. However, I think tech's RSI will come to an abrupt end at the terminus of this rally. My positions are too complicated to manage them with mechanical stops. I respect price movement, and will move to eliminate my exposure when price proves me wrong. However, my stops are of a different kind - when a critical level is breached, I don't close the position immediately. I generally wait for the first correction. Usually that works in my favor, and prevents headfakes from stopping me out of decent positions. Sometimes it doesn't work, but I work on probabilities, and don't take on positions I can't afford. BC