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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (14548)	2/2/1999 10:03:00 PM
From: robert b furman	Respond to of 44573

Hi GZ, Wow EEEPPPIIIYYY WWWOOOHHHAAAYYY !!!!! Now that I got that over, perhaps I can make an informed decision.You know in confusion lies opportunity ,so today I tried to sell off some stock that had held unbelievably well ( 2 0f 3 adex and cohu).I was going to use this as a chance to average down.My other stock got clobbered ( down 2 1/2 ) early on asyt. All of a sudden it's down 4 and my other strong dogs are falling out of bed because I'm lookin to cash em in ,and buy them back at a lower price with less maintenance expense. Well, it turned out a little like Carl Hittle calls it - A molten lead enema.I am envisioning Bobby Beara and carl shorting the world, with nothin belt frayed velcro floating down thru the air (vlg). Dual Pattern /Paporazzi is going" I read this wave 5 to have ended 2 trading days ago" and Holy Gordo this turnaround already happened and I've slept since then (VBG) Yes it was lonely for a position trader in stocks today!!! I'm thinking those S&P's are very volatile and extremely leveraged - but you know what- a sell stop does actually happen if you place it below where it trades! right? Today was mental masturbation if you were looking for an exit with a large position - until this p.m.. when the ticks miraculously became positive. I'm not trying to cash in my chips ,but portfolio repositioning into the stocks that resist the decline, is always a good goal.Low and behold it ocurred at the last moment and the day actually had some value( I think ). Sure did appreciate the post in the mid afternoon - Thanks. Leverage ,stop losses, less commissions - I'm beginning to see the light.Now if I could just quit my daytime job.Oh well position stock traders need a goal too. Trying to keep a balance, on an otherwise impossible trade day from the world of stocks. I'm once again more fully intrigued by the vehicle you all utilize to skin a cat. hehehehe Thanks for the lesson and support. Bob

To: GROUND ZERO™ who wrote (14548)	2/2/1999 11:31:00 PM
From: Jay Baca	Read Replies (1) \| Respond to of 44573

Did anyone notice the "head and shoulders bottom" between noon and 3:30? Broke up through the neckline at 1262 to go on to top around 72, before lowering to 66. I guess 62 should provide some resistance tomorrow. We'll see. Maybe it could go all the way back down to 1234 if resistance is broken. J