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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Michael Berkel who wrote (1902)	10/15/1998 3:11:00 PM
From: Mike Learner	Read Replies (1) \| Respond to of 39683

MB, there are many weaknesses in this market. Staying on sideline is also very smart. Let this expiration week passby, then we will get better picture. As AMR, earning is due tomorrow! I'll wait till tomorrow. UAL & AMR both look good for short. Regards, Mike Learner

To: Michael Berkel who wrote (1902)	10/15/1998 4:36:00 PM
From: Mike Learner	Read Replies (1) \| Respond to of 39683

MB, there are many weaknesses in this market. However, we can not fight its trend, short term. Market behaves irrational all the time! Today's move was seen from the last week's reversal on that big sell day when "Financials" were bought into. Luckily, I went long few stocks and played upside momentum trades. I asked from this thread to keep focusing on long buys, mostly. Number one rule in market is to be good listener (I guess TC also mentioned this as well). Now, Let this expiration week pass by, then we will get better picture as how far it wants to move higher. It appears to go as high as 8500. IMO, This makes this market to fall harder in near future. Still, this is a trading market. We should call for 1-3 days play the most. Tomorrow afternoon, we will see how selling or buying form for next week. TC, BTW - I covered my KO this morning @ 64 1/4, small loss against 64 short. I just did not like when came back up to 64 and stayed there for good 30 minutes. I hope you covered early as well. Do you guys think there was no leak from AG last week regarding this cut? Isn't this market great? Which group is Allen Greenspan most royal to? Regards, Mike Learner