Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nandu who wrote (8988)	2/22/1999 2:39:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

The high on Friday broke throughj, but the close, thelinear regression and the MA's certainly didn't. As for the DJIA, that's only interesting, since I onlyu own one stock of that collection (GE) and none of the 75 mutuals I follow reflect changes in the DOW in thier movements. maybe I am just gunshy

To: Nandu who wrote (8988)	2/22/1999 5:05:00 PM
From: Minos	Read Replies (3) \| Respond to of 43080

Nandu, Friend of mine trades futures as an independent. A week or so before the TSC article, he was telling me that this year he had noticed a simple trend that he was trading with great success. At about 3:20 if the NDX was up fairly strong and was holding...say around 25 or so, he would go long and end the day flat with market-on-close sell. More often, if the NDX was just floating around or showing no real conviction, he would short at 3:20 and again close the position at day's end. I've been watching (only watching) but the theory seemed to have some real merit during the choppy market these past several weeks. I was thinking of putting it a test using XLK (I'm assuming I can short) since I do not really want to get into trading futures. Funny, though, that TSC basically echoed the same thing. On another note, I am in the shadow camp and resisted going long today for the same two reasons -- light volume and lack of participation by MSFT. That probably means we've seen a bottom. good luck all, -Minos