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

To: Tiley who wrote (18039)	10/14/1998 1:15:00 PM
From: Clint E.	Respond to of 69749

>>So what have you seen that has turned you more bearish than earlier? It is not that I am more bearish or bullish. Here is what I am thinking trading-wise: Remember the list of stocks(dell,msft,csco,intc,lu) that I mentioned to you over the weekend and the price targets that I thought these would hit and turn around? Most of those targets were met on Monday and I saw a reversal on Monday afternoon but I didn't short stocks. I should have. I didn't short stocks two weeks ago because I was doing well with a few stocks that I was trading, was pre-occupied with how nicely the DOW stocks had held, and thought that NAZ would hold at 1630. Then when we hit 1500 two days after and I thought the correction is almost over so I wanted to wait to pick the bottom with 1400 being my worst-case target......you know the rest. I didn't want to get caught shorting the bottom and let a few short positions "keep me back mentally and emotionally" from bottom fishing once we hit the bottom. Swithing sides regardless of position(s) that you hold is the biggest challenge when you try to play on both sides. Another trading decision that I have made is not to hold any stock thru earnings, a practice that I often follow. Oversold groups, one by one, are being brought back up. Telecom stocks are up today. Clint