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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: MskiHntr who wrote (8457)	4/29/1999 10:21:00 PM
From: JACK R. SMITH JR.	Read Replies (1) \| Respond to of 59879

Sir, I am long the S&P 500 May put. The more important question is?--what will I do if the market moves against me---I will cover quickly. Nip losses in the bud! Get out now! We live in a very dynamic market here and great changes in leadership are to be expected. I am certain that all have noticed the change in market leadership to a more conservative bent. Let me make another observation here, and all must understand that I trade in a time frame a bit longer than yours. The commercials have a predominate long position in gold. They are mostly right, but have a longer time frame. One cannot judge short term movements by their action, but I must admit that they are perennially right long term. Certainly, they bear watching. We all have a goal of understanding and profiting from the markets in which we trade. We all seek to increase our trading skills and I certainly appreciate the discussion here and do follow. Let me tell why I made the prediction on the s&P 500. Slow Stochastic peak 14. Waiting for MACD 12, 26, 9 confirmation. Fast and loose, me. Lets see how it works, then we can discuss--That is what this is about, right! Trader, Help!! I am in deep water here! Jack!