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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skipperr who wrote (25565)	8/29/1998 12:49:00 AM
From: Joseph G.	Respond to of 94695

I don't think anybody knows what he did in late twenties, early thirties, but before that his basic technique was intermediate trend following with pyramiding profits on minor reactions. Start small, and if show a profit increase position on minor reaction. Close on a violent move, or news. In later stages of the early thirties bear, there were no clear trends, just huge wipsaws both ways. Trend was much smaller than daily moves, which were often several % in random direction for many days. There is no intraday data for that time.