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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Tom Trader who wrote (3738)9/10/1998 9:14:00 AM
From: Leland Charon  Read Replies (1) | Respond to of 44573
 
TT,

You are still short the futures from 1012? Great trade. Are you looking to cover early and get back in???

Leland



To: Tom Trader who wrote (3738)9/10/1998 9:43:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 44573
 
Tom,

1. Re- Panic point.

I believe that we will first witness the pros and semi pros panic.
The public will sell later.

2. The MER executive comment.

"Fascinating", Mr. Spoch used to say, and ofcourse "It's life, Jim, but not as we know it"

3. Key dates for bottom.

I believe we'll have the short term bottom of the 3 wave on Monday , and the 5 will take us to a slightly lower bottom somwhere around Tuesday the 22nd. I had those dates calculated from E waves and comparison to '29. After the crash phase is over, expect a big rally for 2 months or so. Then the REAL bear.

3. >>I am flat the system and looking to go short.

Don't forget to extend the profit taking this time :o)

ATG



To: Tom Trader who wrote (3738)9/10/1998 11:27:00 AM
From: MtnMan  Read Replies (1) | Respond to of 44573
 
But most people when confronted with liquidating portfolios will tend to view the break-even level as a key number--at which one calls it quits--especially if the scenario calls for further weakness.

Hi Tom- How does one define break-even in a market that is so far from the basis originally invested? Especially since many of the Joe Blow investors are just dumping money into funds without a face of a particular stock to watch. -Neal