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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (6067)	5/6/2004 12:11:20 PM
From: blind-geezer	Respond to of 60924

<<strictly on a tactical basis>> I thought there is only 3 bases, short, imntermediate or long and now a new one, tactical, sounds like we are fighting a war ...

To: TheSlowLane who wrote (6067)	5/6/2004 12:34:02 PM
From: crustyoldprospector	Read Replies (2) \| Respond to of 60924

IMO the best way to play USPIX is to look at weekly charts and average in over a few weeks, and not get too cute. Slow sto's on NDX have come a way off bottom on the daily, while NDX has basically gone nowhere. I think that is an indication of the weakness. As AJ points out on his board, lots of bear flags forming out there. Richard Russell points to accelerating decline in the trend of highs:lows on the NYSE while the indicies remain elevated, showing rot from below. IMO, all of this indicates there is a good chance the markets will fail here in a big way (big decline, maybe even a crash?). Just like a lot of traditional topping measures didn't work on the way up this bear market rally, a lot of traditional bottom indicators likely will fail on the way down. NDX may not be anywhere near bottom, AFAIK. crusty

To: TheSlowLane who wrote (6067)	5/6/2004 12:47:52 PM
From: morokko65	Read Replies (1) \| Respond to of 60924

Re: USPIX my tactic is to buy the QQQs when the $NASI is below -800 incrementally (typically 20-33% of my allocation), then begin to sell them incrementally as the $NASI appears to top. The alternate for USPIX: sell some at approx $NASI -1000 and add when it looks toppy (+500 or so). Since I am more LT bearish, I am generally quicker to take QQQ profits, and more likely to keep a core USPIX position no matter what (or until NDX 350, haha) I also use weekly charts, as I'm trying to catch 3-9 month moves, not this daily stuff. Just more my style. Profits go into BGEIX EDIT: there is the opposite to USPIX: ULPIX, NDX bullish that could also be used to hedge