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

To: TATRADER who wrote (8721)	5/12/1999 7:13:00 AM
From: dealmakr	Respond to of 59879

Mark, You have to get a kevlar vest to be able to withstand those bullets. When analist Meeker from Morgan Stanley gave the big nod to AOL yesterday a fire was lit. High PE ratios don't mean that much in the nutz sector at the present time, but a record high PE in the S&P 500 bears watching in the face of a T Bond that is pushing towards 6% IMHO. For the overnight numbers; mrci.com For some good data on commodities, check out the positions of traders and see who are net long or short. Fading the commercial interests(those who manufacture or produce) as compared to the traders and hedgers can put you at greater risk as they can exert more control over the underlying. Look at crude over the last few days. Will try and find you that link. The first Q this year was a bad one for me as a result of bad entries on some shorts, as a result I have gone back to trading the OEX index on a steady basis instead of trying to pick individual stocks. Have done ok so far in 2ndQ. Events like Meeker's upgrade can effect TA and throw you for a loop, but intraday volatility can still get you some good trades without the possible greater risks of holding overnight on these nutz. Good Trading dave