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

To: Electric who wrote (14836)	8/21/1998 5:48:00 PM
From: David Weis	Respond to of 42787

I think I remember that your leaps have performed well.. I've had some nice investments along the way...... grin got to go......... later.....

To: Electric who wrote (14836)	8/21/1998 10:22:00 PM
From: Chris	Respond to of 42787

from P&F thread: Message 5561211 looking at ASE: up 20% today.. makes bomb detection equipment. Subject 13066 ====== Again, next week, the mkt (sp500 index) must hold 200 day ema. my gut feeling is that we will bounce up next week. overall trend, we will be ranging up and down. trader's ballgame. again, the key to success is having faith in your indicators/systems. with the volatility in the mkt, it's crucial to use intraday minute charts -- im currently using 5 and 20 min charts to pinpoint support/resistance. never holding overnight in case stuff happens. it was a wonderful day.. see ya.

To: Electric who wrote (14836)	8/22/1998 1:25:00 PM
From: Chris	Read Replies (4) \| Respond to of 42787

************ MKT OUTLOOK ***************** well, spx 500 is holding abv 200 day ema.. at the current moment, im not sure where we are going, but I'm siding on bullish since we have seen this "sign of strength" with the recovery on friday. should we buy?? i think we should.. BUT ONLY if you have a sell exit strategy.. I would leave some room below your entry to account for any "sizable penetration to the downside to the downside..(so it won't trigger your exit prematurely)" for stocks, i would find stocks basing near 50 day ema or hitting bottom trendline channel. for example SGP has a long-term uptrend channel that it bounced from. yesterday, i played it from 94.xxx to 96.. it was a good reversal.. ====== this is truly bottom fishing, and I, myself, am new to this method. Before, I would wait for momentum to signal "uptrend confirmed", but I find myself buying some distance from the bottom.. So, now, I have incorporated this method. I'm looking to buy to daytrade (as i did on friday), and also leaving some shares at the bottom and let it sit (as long my exit doesn't get hit).. Thus, when the mkt starts recovering, my buy entry point would be excellent. ======= I have several scenarios already planned. last week, we talked about bear mkt mutual funds.. i am ready to switch in if the sp500 200 day ema breaks. ======= *** TGT DATES **** ADVANCED GET SOFTWARE is giving me 9/2/98 (+/-3 days)** as a turning date. Direction of the move is unknown... however, I'm siding on to the upside. So, NOW is the time to start planning your trades.. start nibbling to get "advantageous buy spots". I have to go now.