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

To: nycnpbbkr who wrote (14249)	8/7/1998 6:40:00 PM
From: nycnpbbkr	Respond to of 42787

If "Keep it simple" is good for NASA it's good for me.

To: nycnpbbkr who wrote (14249)	8/10/1998 1:35:00 AM
From: James C. Mc Gowan	Respond to of 42787

NYCNPBBKR: Thank you for your response to # 14231. After watching the radical movement of my OEX put options this past Tuesday and Wednesday, I realized I was betting on a down market focusing primarily on TA sell signals, but instinctively also on the Asia/Clinton background. The past two days, the market has settled down some and I found myself focusing on basic TA, supports/resistances, but instictively on the markets tendency to "buy the dips", if only for the short term retracement. Your post, including the discussion of the 100 point variable, and the 4 digit negative tick, combined with the expectation of the "not holding over the weekend" illustrates the point you make about weighing indicators/market knowledge in your decision making. I found the post to be very helpful, and encouraging, as one does not need to be chained to machine analysis to be successful. Still learning what I need to be focusing upon, trusting my instincts. I can always learn from experienced traders. Thanks, Vocex