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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: davep who wrote (13678)	8/31/1998 4:58:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Blueprint for the next few days: I concluded during the weekend after doing a lot of research on the present market climate, the historical sell offs from the past and my conclusion was: Who decided when a bottom was a final bottom? The answer I came up with was: You can't you can only compare with historical bottoms and indicator readings should allow for greater divergences for even lower lows(like the VIX) exchange2000.com I decided since August 19 that I would sell into the rallies and buy the puts. 1) I don't plan to hold any long positions more than intraday, or at most overnight for the next few trading sessions, at least. 2) I do plan to continue to hold short positions for more than a daytrade. 3)I still plan to trade both sides of the market, long and short. I'll utilize the inevitable "dead cat bounce rally" to buy some more puts, yet at the same time perhaps go long for a day or possibly overnight (perhaps the banking sector or a try with TRV again). 4)I'm going to be looking to buy puts in stocks that are still overvalued and at the same time go long some of the most 'beaten down fundamentally sound' stocks with growth going forward. That is a rough blueprint of my trading strategies for the next few days. I still think the internets will improve because of what the previous article I reprinted said 'they are less exposed to Asia and vagaries of foreign markets'.. but I don't think any of us can ever be complacent about that sector any longer... or for that matter - the whole market.