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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (11395)	12/12/1997 9:34:00 PM
From: Bilow	Read Replies (2) \| Respond to of 94695

Hi GROUND ZERO; I've been troubled as to why you bought CPQ the other day. Since it was in a coil formation, it seems that if it makes an extension to the downside or upside, it is time to go with the trend. (Or at least that is the implication of the analysis you kindly posted in response to my question on that subject a few days ago.) So I would have expected for you to wait until it set a new (local) high to buy. And when it broke through to the low side, I would expect a TA type to sell it expecting a possible major move. Since I'm basically a FA type of guy, but am trying to get a better understanding of TA, can you explain? Was it possibly TA on the market as a whole that told you to go long, rather than an analysis of CPQ? -- Carl P.S. I'm still short (APR 60 puts) on it, but will take profits on a big kahuna type move this next week, if it happens. And this time I'm getting through if I have to rabbit punch little old ladies standing in the line at the Schwab office.