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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (47089)	9/29/2003 10:29:22 PM
From: rogermci®	Respond to of 52237

The market's closed...how could you?

To: Softechie who wrote (47089)	9/29/2003 11:27:28 PM
From: James F. Hopkins	Respond to of 52237

I have mixed signs for the open, and I'm flat. ( except for my core holdings ) which I often hedge off, but are not hedged right now. But any way my day & position trades are all cash for now. --- Some days it just pays to sit by and watch, and unless things change tomorrow is shaping up like a just watch day for me. Taht can change if I see something I'm not looking for. --- Basically on my short term trading I stay with the QQQ, sometimes I play the SMH.. There are 3 key stocks I watch against what the NDX or SOX is doing. MSFT , CSCO, & INTC..I glance at some others but not enough to lose focus in those 3..( when I'm long or short ) --- The cap size of those 3 drives the NDX.. so with real time streaming quotes I get a fix on them, and watch for anomalies -- Like the other day the qqq was going up.. MSFT was up, INTC was up...but not on heavy volume..however CSCO had the volume that day.. and it was trailing..ah the high volume of the 3 is trailing...I bailed out..and sure enough late in the day it all crashed. So even though 2 of the 3 were up good, the high volume of the trailer said distribution. --- It's like if one of the key 3 has "LOTS" of above average volume..and a lot more than the other two it's telling me what's about to happen.. is it leading or trailing.. When the volume of the three just about match it's hard for me to get a reading. --- But this crap can change in a day, or even during the day..lately I've not been able to see very far ahead..and most times it's like trying to look through a soap stone. Jim