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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (16780)	6/24/1998 3:38:00 PM
From: Clint E.	Respond to of 69758

>>I'll paper trade this position anyway and see how it ends up. It will only count if your system is emotion-free. Otherwise, paper trades work well on the paper but in practice where fear & greed are at work. I shorted TI. Just a small position. Clint

To: Johnny Canuck who wrote (16780)	6/24/1998 4:01:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69758

Harry, I think NAZ will go into a bit of consolidation in the next couple of days. I shorted TXN and TLAB before the close. Will short more stocks in case of opening gap tomorrow AM. Clint

To: Johnny Canuck who wrote (16780)	6/24/1998 8:24:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 69758

Harry, Just a couple of words for clarification. I have always tried to play the ups and downs but it is quite easier to avoid shorting stocks at this point. Just get out when you think the short-term top has reached and wait to buy the dips. In a "momentum-driven" market, MMs react quite differently to shorts & profit-taking. Reversals happen in a flash and shorts are often squeezed in a matter of minutes. On your paper trade, I'll be interested in doing one with you on the basis of "no-fear". I would like to see if I will do better with paper trades in this market. Both options and Stocks. Longs & shorts. $20K in paper-trade money. No competition, no record keeping.....just an experiment to help us with our own trades. What do you think, Harry? Sally doesn't have to know!!!(I get a kick out of mentioning that imaginary Sally to you. Don't know why. Hope it doesn't bother you, my good friend). Clint