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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (1301)	10/16/1998 1:02:00 PM
From: Jay Lyons	Respond to of 43080

LS- We're spending quite a while here on the floor. Think it sells off, or bounces? Short AOL and Dell, ahead by a hair on both. Jay

To: LastShadow who wrote (1301)	10/16/1998 3:04:00 PM
From: Optim	Read Replies (2) \| Respond to of 43080

If its swinging wildly, its also telling you something - that you should be in it until its playable. You lost me here. Do you mean that one should hold their position (long or short) until you have a definite idea of where it's going? Or is it a typo and you mean stay out of it until it's playable? Thanks, Optim

To: LastShadow who wrote (1301)	10/16/1998 4:59:00 PM
From: AlienTech	Respond to of 43080

>>Technical analysis is great, as is fundamental and neural and probably astrological for all that matters. << Yea noticed my coin works pretty good too.. But one thing I noticed today was that those with good earnings blew through the roof.. EG TLAB, PMCS etc.. nice to see that after last week.. Here's hoping for next week.. hic..

To: LastShadow who wrote (1301)	10/18/1998 8:34:00 PM
From: NewKit	Read Replies (1) \| Respond to of 43080

LS, Thanks for that great lesson. You are one of the very rare which willing to share and guide novice along. I have to agree with you that trendline is a better one as you can project whereas stochastics need very realtime data. I think I should play with the market rather than waiting for something I expect to happen. As long as I watch out for any sign of weakless. To feel the market sentiment is not a easy task for me. I "guess" more than I'm "sure". Talking about trendline, based on the 3 month chart, Am I right to say KO's resistance is about 70 and 1650 for NASDAQ? Since chart is my only visible tool, I have to believe it. The question is which indicator tell the reliable story first. Just see how perfect YHOO repeated its history for 2 times. Will it repeat again? BTW, YHOO is going up like DELL from Apr 96 to Oct 97. I will learn to trade better and smarter but how I wish luck can alway with me. Just a wish as luck come and go but I don't want my gain go with luck.