Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (2259)	8/28/1998 10:19:00 PM
From: sand wedge	Read Replies (1) \| Respond to of 14427

That's it doc, your now the "kenny" of the AIPN thread

To: drsvelte who wrote (2259)	8/29/1998 9:05:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

Doc, I found last week one of the easiest week to trade. But that could be the best week of the year for the shorts too. I think your 8 hour trading timespan may be limiting this ease in your case. It was especially easy on Thursday when the market came off losing 300 and could not stage a come back in the pm. The need to short more by the close of the day after it appeared certain to close below support 15 minutes before close was a high probability shot. There was uncertainty Friday morning as the S&P future was showing +10 just before open but half an hour later when the overall market trend decidedly turned negative that was another sign that the bears were not done yet. Being Friday helped too. It was like throwing dart on the stock table and anything and everything works. This is exception and not the norm, to be very fair. I covered 2 puts each on Thursday and Friday but reloaded each day on spikes. In retrospect, I don't think I would have done anything differently as the trend was quite clear - down. Now next week. I believe the expectation of the traders is that there will be a rebound rally sometimes next week. There will be at least one positive day. While it may not come on Monday especially if Asia and Europe are covered in blood comes Monday morning, the odd is against the case for a straight down scenario. There will always be bounces. But the more delayed these bounces arrive, the better chance these bounces will be unable to rally pass the resistence (SPX 1056 - 1064). Which means, they will go down again. I am very interested to find out the new sentiment here - as to whether the nifty fifty are going to come back first as they have always done, or the beaten down mid-small caps staging a surprise rally and the nifty fifty just stands there and watch. If this new down trend holds, I don't expect anyone to hold up over the longer run but I'd like to see if traditional value does come into play from time to time versus the ever dorminating ultra-mo of late. My plan is again to preserve capital next week and not be afraid to cover all puts. Just like selling into strength, shorts should cover into weakness and if the trend continues, sell again. Again, selling or covering too early is good in this trend changing time as no one knows how long or severe the new trend will be. If we are in a confirmed bears market, then sell and hold (LT's slo-mo in reverse) would have been far more superior - another driller lesson. There will always be better short and put opportunities elsewhere until the trend turns. The way I define trend turning is breaking support/resistence and get confirmation the next day. Two confirmation days solidify the trend. For my strategy (short term trade) I think this soft definition of trend turning has served me well. Have you got any screen-outs that have not tumbled yet? The analysts are so fake these days and now I really think Loius Ruykeiser is one of the most bias reporter out there. His old age greed has began to cloud up his wit and professionalism. Those idiots keep citing the US investors should not be worried about Rubles problem. The truth is, no one cares about Rubles but the US company earnings to come. This one they clearly downplay and Mike Holland and Mary Farrell clearly were the clones of Abby. I hope they get rob on their ways home.