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

To: Clint E. who wrote (19021)	12/22/1998 8:07:00 PM
From: xcr600	Read Replies (1) \| Respond to of 70421

<< A system for those of us who work during the day but are still interested in trading. >> Clint, I am in the same boat as you are. Looking for any input as well. I usually place my orders at 6:00am before I leave for work. Hard to read market sentiment. Usually watch CNBC for a few minutes and check overseas and futures prices to get some idea of general direction. Really hard to pick an entry point into a short if it was down the day before. I usually enter a limit order of 10-20% higher than the previous close. Has worked most of the time. Ok, I'll bite. How did you get 2107 as the closing for the Naz? Damn near dead on. Didn't get into YHOO today, but did get into MZOL at 10. Could have been lower, but I never expected it sell down much today (9 1/4). Looked good at the close- 11 7/16. I don't know if you use MACD, but it just gave a buy signal today. Still holding ONSL. Wish I had some UBID!! Looks like they are determined to make sure no one will ever consider shorting net stocks! x

To: Clint E. who wrote (19021)	12/22/1998 8:20:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 70421

Clint: Check out Gary Smith's system on theStreet.com. It is a mo-mo/IBD/Jeff Cooper approach, but I have found it works pretty well -- particularly on the short side. I use a modification of it for the long side. Basically, look for a quick 5% gain. You will need to have an end-of-day scan software or daily delivery of IBD. You can get a 30 day free trial to the Street.com and read all of Gary's archives where his approach is explained. This week, I have made 7 points on SEBL, SALT, WHIT. Currently, long on ENTU and NLCS with this strategy. Message 6939914 Good luck and Happy Holidays! PS For tomorrow, I am looking at ABF,FISV, CMTO.

To: Clint E. who wrote (19021)	12/23/1998 2:35:00 PM
From: mattie	Read Replies (2) \| Respond to of 70421

Hi Clint, sorry to hear you won't be around as much next year. some ideas: set up a 'core portfolio' with growth oriented stable companies (msft, csco, lu, pfe, merk etc). Set stops if you are nervous at certain times, then set buy limits when you need to buy back. For riskier trades perhaps set up tighter stops - but it is tough (for me) not to have access through the day. I get some good ideas for core holdings from Value Line and S&P Outlook. Both are free at most libraries and tend to offer unbiased analysis. I guess bottom line, you have to take a longer term view. Most of my mistakes this year have been to sell too early. If I had just bought and held my best ideas - I would be a very rich man: AOL, MSFT, INTC, CSCO, DELL, PFE, etc. Sometimes trading does more harm than good.