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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (1675)	11/22/1997 10:34:00 AM
From: GROUND ZERO™	Respond to of 5676

Ted, For example, look at LCOS. Bisect the Sept. high and the Oct. low with the low made in Sept. just days before the high was made in Sept. That line rises and this week will just about cross above the Sept. highs and beyond. Here's how I will play it. If the price rallies up to the line and touches it, I will expect a very rapid sell off from that level for many points. I'll have my limit sell order in before the market gets there or I'll miss it for sure. Now, if the market gets there and then stays there without the rapid sell off, I'll close out my position immediately. When a market reaches that point and not sell off immediately, the rally will resume. Probably a good buy, but I would not buy it. For a great buying opportunity, look for the opposite pattern. A good example of this is the DOW or SP500. We exploded off those lows as expected. If we ever actually tested those lows as the analysts suggested, the test would surely have failed and you would have seen the market collapse still lower. That's why I bought with such confidence when I did. To most everyone it looked like the beginning of the millennium crash. There's still lots more. I'll point some out as I see opportunity in the markets. Have a great weekend. GZ