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Strategies & Market Trends : MACD has been good to me....How about You? -- Ignore unavailable to you. Want to Upgrade?


To: Big Al who wrote (791)2/4/1999 6:23:00 PM
From: TLindt  Read Replies (1) | Respond to of 1109
 
Allen I see it coming too.

askresearch.com

And this time, bout the only thing I can do...is plug my nose, put in the ear plugs and hope it supports on the 50DMA. With costs on my non-IRA positions below $10, and My IRA positions in the teens. If I sold now to protect my long position I could really get screwed either on short-term capital gains non-IRA...I'd need a 10+ correction just to cover the taxes...the IRA stuff? I really want to hold it, don't want to mess with it.

So the plan of attack I'm taking on this...buy the MACD bottom to get a near the Money trading position...to work with this year. Cause the other non-IRA are non-tradible because of the amount of gain and tax involved in taking the profits up here.



To: Big Al who wrote (791)2/4/1999 11:42:00 PM
From: AugustWest  Respond to of 1109
 
Allen, I gotta side with Tom for now.

I know it is heading down, but I'm being very careful with how much I take off the table anymore. I'm even adding trading shares to the core as I trade it.

At least this time if I get screwed, it ain't no ghost doin the job. It's my own gut.

In the event it does begin to step down, I posted my targeted supports on the thread. I will look at them as buying opportunities until something changes.