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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (685)	4/20/1998 6:36:00 PM
From: HeyRainier	Respond to of 1720

[ SNRS ] If I were to succumb to emotion, yes. But there may be a technical reason as well as to why one should purchase tomorrow. It just broke through the upper channel boundary, and could make for a still further run. Still, however, given today's circumstances with the chart developments, I would not have done differently with my sell discipline. It's gone further than I ever imagined in a short period of time, and the amazing thing is that my short term momentum indicator shows that it is still accelerating! We will see. I think somewhere along the course of my trading I need to learn when to switch from a short term support/resistance style to one of a trend-following-no-holds-barred style. Now is a good time to start. Regards, Rainier

To: The Perfect Hedge who wrote (685)	4/20/1998 6:57:00 PM
From: HeyRainier	Read Replies (2) \| Respond to of 1720

[ SNRS ] Emotion aside, however, I would not initiate a long position at these levels given the risk/reward characteristics in the near term. Euphoria has a way of turning quickly once the first sign of retreat becomes evident. The Silicon Investor and Yahoo! SNRS threads are in an extreme state of, shall we say...pleasure from the recent developments from a variety of angles (S&P reports, anticipation of FDA approvals as of this year, stock doubling every two months, etc.)...and I don't blame them. I feel the same way. I've taken my 48% from 7 trading days to the bank for the next fastball down the middle. And if SNRS dips and shows a nice entry point, then I might find myself again with the wonderful crowd of winners over at the SNRS thread. Regards, Rainier PS. I will be twirling my thumbs as I look at this chart further. The trend is certainly accelerating.