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

To: space cadet who wrote (18381)	11/17/1998 11:01:00 AM
From: Clint E.	Respond to of 68177

Hello Space. I got a smile out of your statement, "I proved by my mistakes that I am much better going long than short...All the constellations have to line up just right." I know you know but I really hope those who constantly and continually want to see this market fall hard realize that they are talking about the well being of their friends, neighbors, and families. Another words, they are talking about the well being of this country and as we saw recently, all countries around the globe. I am also disappointed at how narrowly-focused this market has become in the last couple of weeks. That's not a healthy sign. As you say, it is hard to find "safe" bargains these days so instead of investment mentality you just have to do what Jurgen did. Buy something that goes up regardless of its PE and then remember to get out before it falls. The "whipsaw" action (mostly in the NAZ) in the last ~two weeks has the footprint of short-term day-trading investors all over it. We have had a couple of reversals on daily basis. It takes +ve money flow across the board to make up for a more stable market. As for DELL, I cannot see it going below 55 in today's market even if we don't get a cut. 60 should be support. How long before it makes a new high? I expect a good Jan(that's when I think mutual funds will put most of their cash reserves to work) so we could see it making new highs then. Take care; Clint