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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: ivan solotaroff who wrote (1946)	12/17/1997 5:26:00 PM
From: xstuckey	Read Replies (1) \| Respond to of 12617

"Are you a buyer of INTC at 69 7/8 @ 3:43? Support seems solid at 5/8, or 3/8 at worst." Hi Ivan, I am still short. I trade from a proprietary model of my own design. I do not look at support and resistance. If we go a little further than most TA books, it is intutive that strong stocks routinely break through resistance and weak stocks break through support. The model attempts to measure short term strength and weakness. Once short, I am now looking for a place to go long. In the meantime, I will remain short. It is equally obvious that most stocks exhibit neither strength nor weakness most of the time. Consequently, I spend most of my time doing nothing, a task to which I seem particularly well adapted. Best Trading, X