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

To: Stoctrash who wrote (4029)	9/14/1998 3:34:00 PM
From: Tom Trader	Respond to of 44573

Fred, the market looks like it can't make up its mind which way it wants to go. I have stayed clear -- I did try to go long at one point but it moved to fast for me. I like the mechanical aspect of the P-Stop--would like to test it against some historical data and see how it works. I have been sent several intra-day systems by people who are following this thead -- to test them. I have started doing this though it is slow going--as you know. Re CYMI--I owned it for a bit for a S/T trade and exited with a small loss a while back. I will look at it again in December when tax loss selling beats it down to a pulp--quite a few other stocks fit that mould--ie tax-loss selling candidates. I don't know much about the technology -- but a couple of people whose opinion I respect seem to feel that this company is on the cutting edge of the technology. One of the best indicators that I have found for a good market bottom is insider buying--when that becomes really pronounced with systemic buying of stocks by insiders, it is a pre-cursor of a good bottom. This has begun to happen -- insider buying in the small caps is unbelievable at this time. These insiders are often early by several months -- but I suspect that we will see a good bottom in place some time between December and the end of the first quarter of next year. Now no telling how much lower we will be by then. Looks like the market has finally begun to weaken a bit at this point.