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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (19812)	3/6/1999 9:52:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Dennis, keep in mind the time frame thatmany here are operating in as a trader. While many were predicting doom and gloom in the form of a sell off in the market, short term traders were making money. Look at the Internets as a obscene example. Who cares what the long term prospects of the market is unless you are an investor? It is irrelevant to the trader. You just need to be on the right side of a given trade. The shorter term the trader trades in, the more the longer term time frame becomes weeks if not days to the trader. A market pop of a few weeks for very short term traders will make them money. A market pop of a few days for a day trader will make them money. Also it is important to be able to identify the inconsequential price move from the price action that is relevant. What we have seen so far in the market is of significance that needs to be closely monitored. Monday will help determine the importance of Thursday's and Friday's move by the market. For day traders, they already have been in the market making good money. If they have not been in the market, then they are not day traders. You have become essentially a day trader, right? So I would think anything beyond one week should be irrelevant. If I have misunderstood something, then I hope this post is of use at least to others on this thread. Bob Graham

To: dennis michael patterson who wrote (19812)	3/6/1999 11:42:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 42787

>> April 9 may (Bradley) be the top.<< Yep, I'm looking for a repeet of last year's foolishness (yu know my fav date for greater foolishness is 4/1 -g-) I see a lot of breakout charts like MRK & HD. But we continue to make a significant top in the fashion of the 7/20 topp. Money managers continue to underperform the market, hence taking greater risks in high beta stocks, pushing the averages higher, whilst the greater market suks eggs. and yes aunt Thelma MSFT, CSCO, INTC, DELL ARE high beta technology stocks, that do swing wide with the market and are subject to dinasauratitis, despite what most pheel, that these guys are crown kings and will ALWAYS GO UP! DELL showed some chinks in thee armor. I think Robin Hood is gaining -g- Big volume gaps across trendlines from Dell and IBM shud only be ignored by the lower on the food chain.