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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: TripleWitching who wrote (106)	1/8/1998 9:05:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 2120

Toro; There is a Dead Cat Bounce ; thread now back DEC12, some one ask me about it, and I said..not at this time, DBC does not work the same in a down-draft market as it does in a up draft. Day before yesterday I said DBC was back in season, but one had to pick the stock and maybe stay clear of certain sectors for a while. Namely things related to ASIA, and oil. Rain had her DCB, and may or may not have another one. I think she has a good chance, BUT I like to be more positive also I like to be in on the first one. A lot will depend on market mood. That has a big effect on all DBCs. Skip them in market downdrafts and you will have money to play with in the up-drafts, don't look at any oportunity like it's the only fish in the sea. BTW the marke is stronger than most people think, the mood is still negitive, or doubtfull, when that passes you will see a sharp rise. Jim