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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: space cadet who wrote (18016)	10/13/1998 11:50:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 69737

Hi Space Cadet. No, I don't trade options on the indices. I imagine someone like Tom Trader would. Since the macro picture has not drastically changed, you will most probably get your chance to re-enter into your favorite tech issues. By the time we approach the end of OCT, the fear of last OCT. 27th. crash will creep back in. Will it take us all the way down to Favors' target? I don't think so but a re-test of 7400 between now and then is very possible. If we keep hearning about a pre-FOMC rate cut and don't get it, we could quickly sell off. I hate it when the stock market sets itself up for disappointment. Interesting how Bank & Brokerage stocks are doing well today, even after reporting sharply lower earnings. MER, JPM, & LEH are actually up. CRaP is MER's savior. Clint

To: space cadet who wrote (18016)	10/17/1998 2:02:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 69737

Hello Space Cadet. What is Favors saying now? Has he lifted his target of 6.4k +/- 300 any higher? Has the rate cut changed his mind? I re-read my post from last Thursday night and I want you to read it again because it speaks clearly of what happened on that turnaround day and what events did the market care about. Even Accompara saw the same thing a couple of days later. Message 5966644 Both Accompara and AG showed flexibility and helped out the market this week. Is Favors flexible and does he listen to the market in projecting "short-term" trends? Accompara did and therefore he gets my respect in that regard. I still don't like his wishy-washy flip-flop attitude but I know that is due to his chart reading.(((I give my highest regards to Abbey Cohen. I know it is not fair to compare Cohen with the other two since she is more of a fundamentalist with a bottom-up approach and therefore longer-term oriented.))) Many "inflexible" traders were caught holding loosing short/put positions two days ago when the DOW was at 8100(top of its recent trading range). They remain inflexible. Just check out the “hot” threads on SI. In a friendly manner, I would like to remind you again about dollar-cost averaging. Clint