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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (7149)	4/5/1998 8:32:00 PM
From: LastShadow	Respond to of 120523

Weekly Portfolio: Name change Well, based on all the email and messages, it appears its unanimous that folks want it nightly. Therefore I will rename it as the Position Trading Account. This will then be a portfolio managed with end-of-day information, and most posts should be fairly short. I will do a summary post on the weekend. lastshadow

To: Judy who wrote (7149)	4/5/1998 9:36:00 PM
From: Robert Graham	Respond to of 120523

As you know, Judy, this depends on the type of trader you are. Some look for evidence of accumulation and then its confirmation in a breakout into an uptrend. They either play the breakout, which did not happen in this case, or they play the growing upward price momentum. This is the type of trader that I thought you are. What you are suggesting is more of a scalping type of trade. I am not invalidating this approach to trading. It is something that I do not participate in myself. And yes, as I mentioned in my post, sentiment is only part of the picture. this is an input into the formula one uses to evaluate the markets for their own trading purposes. But as I also mentioned in my post, not being aware of the trend and its underlying strength is not wise. In this case, IMO it is more the liquidity of the market that is causing what we are seeing as a continuation of the trend in the market than the normal speculation in the market. So IMO sentiment is actually being "bouyed up" due to the repetitive "predictable" nature of the market where it goes up, comes down a little, and then continues its uptrend. So market sentiment in the current market situation is not as important as I would normally think it to be. Only very secure speculators would act in the market the way I have seen them respond to high tech earnings disappointments and also their focus on the low cap issues. Thank you for your feedback, which is always appreciated. Bob Graham