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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (18193)	4/16/1999 2:36:00 AM
From: Dennis J.	Read Replies (1) \| Respond to of 34811

Reasonable enough. But, it is hard to believe that we already have had the correction which some market gurus are calling for. I would expect them to be calling for a more general and broad-based correction than the internuts and some tech stocks. My conclusion? We may see an additional correction next week or soon thereafter, if these gurus are correct. All my opinion, of course. Dennis

To: Jorj X Mckie who wrote (18193)	4/16/1999 8:58:00 AM
From: wizzards wine	Respond to of 34811

Morning Tom...Asia if up HUGE 3 to 8% across the board!!!Europe mixed.. Have a good one... Later Preston

To: Jorj X Mckie who wrote (18193)	4/16/1999 9:18:00 AM
From: Ms. X	Read Replies (5) \| Respond to of 34811

Hi everyone! OK, I know I know.... I wasn't here yesterday. I was being a business woman, doing taxes yadda yadda. All on a day that the techs and the internets were getting slammed was completely psycho I have to say. But enough about that. And Jorj puhhlleeeez: ...Of course, I don't really know carp about this stuff though. I have a little Piff Pep talk here. I know when things are falling like yesterday and the day before, it is hard not to get yourself in a fit and eating Cheetos and a frantic rate (yesterday was at least a 4 bagger day). Panic sets in because you see your paper profits dwindle or perhaps turn negative. If you are in a volatile stock this is not completely unexpected but, you have to keep in mind that three of the Piff indicators have turned positive - including the OPTI BP. What to do. Manage your trade according to your plan. When you start to panic, remember the indicators. I know this is hard to do. I've been piffing for quite some time and I deal with money that isn't mine , but I try to be a machine. Yesterday, I watched high flying and also strong fundamental stocks come down to support. I saw this as a buy opp even though some of the positions I currently owned were going down the toilet. For a moment I could feel in the pit of my stomach a twinge of "oh oh..is this going further, are we dying here...", but then I assured myself and followed the indicators. I know that if I let my emotions take control, I'm out. I've lost. I have to be a machine and do what my plan and what the indicators tell me. Yesterday did provide some great buys. A lot of my stocks that were down came right back. Don't let the market take control. It looks to be another volatile day. Watch your support levels. If the indicators turn negative (no indication of that by the way), then still don't panic but be closer to your positions. Do what you have to do. As Piffers, you have the benefit of these indicators which have not in my experience, been wrong with regards to market trend. Yes, we had pullbacks yesterday but isn't that what we live for? Aren't we always saying.."Wait for a pullback". Well, get on it man, you got the pullback! :-) Y'all have a great day. Chin up. By the way, I have to mention this. Jorj - DAMN FINE CALL ON CMGI YESTERDAY!!!!!!!!!!!!!!!!!!!!! Now I have to add this. Jorj and I, as you all have guessed, have known each other for a long time. I introduced and helped him learn the Piffing method some time ago and have seen him become one of the finest Piffers I know. He acts like he is clueless but don't let that fool you. He knows how to be a machine, how to trust the indicators, how to read those charts. He's become damn good. This is a compliment not from a friend but from an accomplished Piffer. Excellent trader too. Onward and Upward. It's just another day. Oh, buys and sells looked even. I wasn't going to count - way too many. Jannie