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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (24792)	6/5/1999 6:57:00 AM
From: Patrick Slevin	Respond to of 44573

I do know a fellow in Florida that parks excess in Treasuries but in my case those stocks were extreme Long term holds and did not bother me too much. As an example, a 70ish woman asked me if she should be cutting back. She has a lot of money, and really no expenses. Her portfolio dates back many years. Much of her stock was accumulated before the Dow successfully stayed over 1000. Eh, so the DJIA drops 3000 points and on average she is "only" worth what she was a year or two ago....plus dividends. We had this conversation when the DJIA was around 9000 and she feels much better that she did nothing. But in my case I changed my entire approach with new Investment. For example a year ago I got RMBS in the 40s, established a target of 87, dumped half at 93 so if Rambus goes to the moon or to Hell in a Handbasket it will have no negative material effect on me. I had to take that approach as I have been putting in more Technology Stocks over the recent couple/three years and so inviting more Risk. As a result I still sleep okay as long as I pick a reasonable issue to begin with. EDIT How is is possible to get SQUID this early in the morning. Is it feeding time or something?

To: Chip McVickar who wrote (24792)	6/5/1999 7:35:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

Chip, As you had requested, here's why I'm especially bullish on the NAZ: There is an uncommon three day chart pattern that is very reliable when it occurs. It occurs so infrequently that when I see it setting up, I take a trade in the opposite direction on the third day because it's unlikely that the pattern will ever complete itself. Even more rare is the five day version of that pattern, and then extremely rare is the seven day pattern... the very pattern we now have in the NAZ..... The three day pattern begins with a reversal day of a new low for the move and closing above the day's opening and at or near the highs for that day. The second day has a higher high and higher low and closes lower. The third day take out the low of the second day and then closes above the opening of the third day and above the high of the first day. If the third day doesn't complete the pattern, the pattern could be in place on the fifth day, if not, then the seventh day as we have here in the NAZ. Also, the Monday holiday produced a time gap, as opposed to a price gap, and time gaps are warning signs for market turning points. Review as many charts as you can find and you'll discover that this pattern is rare and when it occurs you have a significant turning point... the reverse is also true for topping patterns..... here, we have a seven day pattern in the midst of a time gap..... GZ