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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (5306)	4/25/2003 3:09:48 PM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

OT: I've been doing a lot of work on sentiment charts lately that have been helping me to increase my confidence to hold a bad entry until I get the actual profit I set out to get in the first place. I could have avoided the bad entry by waiting for the SOX to get closer to a 70 RSI. I said it would get there and it almost did. AMAT actually exceeded 70. I've also learned to watch those stochastics very closely. Playing for a brief bounce could work out but honestly it is the kind of mistake that I have made far too many times. Tonight when Les Horowitz posts his sector readings it will read SOX trend change DOWN. These trend changes do not usually reverse in a single session. Plus we are not even in May. May through October are bad months to be long historically. The 5 day TRIN gave a very bearish signal yesterday. It is now trending higher but it needs to get much higher before it signals a trend change. Hell, there are lots of reasons to be short today but going long just because a stock has dropped 6% in one day may not be the best reason to make such a move. Good luck to everyone with their trades. RtS