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

To: dennis michael patterson who wrote (15461)	9/7/1998 5:01:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 42787

more like: take it down.

To: dennis michael patterson who wrote (15461)	9/7/1998 5:05:00 PM
From: epicure	Read Replies (1) \| Respond to of 42787

No, but I buy the idea that Greenspan's comments interpreted through rose colored shades, and the developements in Asia, may cause a lot of traders to storm into the markets on Tuesday. Bear rallies can be powerful, and this might be one. I bought some longs on Friday, have some more to buy Tuesday more- but on my shopping list I also have puts. And I kept my Rydex Ursa because it is a clunky vehicle to trade in and out of, and I won't sell it till I think we have seen the Bear's bottom going out of the tent. All I have seen so far is the nose.

To: dennis michael patterson who wrote (15461)	9/7/1998 5:09:00 PM
From: Robert H.	Respond to of 42787

That whole CNBC program is nothing but an add for buying stocks. TOP 100 is really Bull.!! Yea, I'm sure the big boys just sat back and let their $$ go to hell the past few weeks as they played on their boats. Watch for selling into the rally. ...Only truth that leaked out of the CNBC stock HYPE is that Amazon sucks. ..Guess they must be short.

To: dennis michael patterson who wrote (15461)	9/7/1998 5:13:00 PM
From: HighTech	Read Replies (1) \| Respond to of 42787

Dennis: Couldn't agree with you more about world problems, that there is more downside. But I think we may just be due for what JF has been looking for, a significant rally that will last longer than we wish. Many are betting larger and larger amounts on the short side. The market goes up and keeps going up while deflating confidence of large short positions, thus perpetuating more covering - all this while the dippers are convinced they found the bottom and are on a rampage. When do you think (what Dow level) is a good time to short the rally? HiTech

To: dennis michael patterson who wrote (15461)	9/7/1998 5:19:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

It sometimes comes down to an event as simple as this. Remember when Clinton had his zipper effect on the stock market when the news event came out? You think this event is on the order of Russia or Asia or anything else that really matters? It will never work for a trader to make the stock market more complex than it needs to be in order for him (or her) to succeed at trading it. There are just too many variables, and it has been proven that the correct few along with some judgement based on experience is all that is needed for a trader to succeed. Heck, there are many TAers using a handful of technical indicators to successfully trade the market. Now what does that have to do with the world's problems? Bob Graham