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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Margaret Mateer who wrote (14074)	8/6/1998 10:17:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

my long term view of the market is : assuming we hold up and dont crash in the next few weeks, I see the mkt remaining flat for the next 2-5 months. i think bobby has hit upon a great idea.. to tweak my system to work in a non-bullish mkt (ex. shorter time frames). i doubt i will make money in a bear mkt going long (just guessing, i've never been in one), but maybe i can make money in a flat mkt. we will see. should be interesting.

To: Margaret Mateer who wrote (14074)	8/6/1998 10:43:00 AM
From: Chris	Read Replies (2) \| Respond to of 42787

Hi Margaret, couple points (all my opinions): 1) if this mkt had an strong rally, i would play the msft,ge,lu,dell, etc. but it hasnt gone up like i wanted. until then, i wouldn't do anything. 2) TA not working due to the big boys: i think that is only evident with the INTRADAY. you bet, there a lot of volatility due to those issues. But looking at a longer view (1-5 day view), TA has worked well. In my opinion, by looking at stocks too short of a time frame, you lose the overall trend of the stock. (similar to a painter standing back to view the overall portrait from far away vs. upclose to see the individual stroke marks) As i am typing, the techs are moving higher.. that's a good sign. i think we've reached some sort of a bottom for the moment. remember, we are breaking some major resistance areas if we close higher today. --- refer to my stats posts. so i think the mkt is not doing that bad.. we just need this oversold rally to get started..