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Dan,
Maybe a good example (short term) of a news reversal will be when this
election is resolved. A Bush win, a brief rally that trades back down into
the range or a Gore win and a selloff that trades back up into the range.
Something to watch anyway, because there is definitely news about to happen,
one way or another! Good luck and good trading.
don ewers
----- Original Message -----
From: "Dan Cash" <dcash@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Saturday, December 09, 2000 9:17 PM
Subject: Re: [RT] Re: Trading Events
> Don,
>
> Do you mind expanding on your trading news reversal technique in any
detail you
> care to, I would appreciate the insight?
>
> Dan
>
> Don Ewers wrote:
>
> > Ira,
> > Can you enlighten us with an example, since I only trade, "what are
billed
> > as major event s" from the "news reversal trading technique". Obviously
your
> > expertise utilizing options would be a welcome trading technique that we
may
> > be able to learn from. I normally go flat ahead of these events feeling
it
> > is gambling in lieu of trading, so I am anxious to hear your reply.
> > don ewers
> > ----- Original Message -----
> > From: "Ira Tunik" <ist@xxxxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Thursday, December 07, 2000 1:22 AM
> > Subject: Re: [RT] Dow
> >
> > > If one is just trading the underlying, then a cardinal rule should be
to
> > be out
> > > of the markets when major announcements are to be made. If you know
how to
> > > utilize options in volatility positions that are non directional, then
you
> > put
> > > on these positions just before announcements are made and trade the
> > volatile
> > > swings with glee. The bonds are a classic example of where this works
> > > wonderfully. There is sufficient liquidity in both the options and
> > underlying
> > > bonds to allow one to trade some of the huge swings the bonds are know
to
> > make.
> > > Ira.
> > >
> > > Don Ewers wrote:
> > >
> > > > Dom, all-,
> > > > True, but one should not neglect events that "make the charts",
meaning
> > > > sometimes charts say one thing and an event and the price reaction
to
> > it,
> > > > makes the chart say quite another and therefore a different story
> > unfolds.
> > > > We need to be flexible enough in our trading to accommodate this.
Charts
> > > > rule until they fail, one good reason depending on your trading
> > timeframe to
> > > > avoid major events that have been built up to be market movers. It
is OK
> > to
> > > > stand aside at times and let the story be told?
> > > > don ewers
> > > >
> > > > ----- Original Message -----
> > > > From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxx>
> > > > Sent: Wednesday, December 06, 2000 9:46 PM
> > > > Subject: Re: [RT] Dow
> > > >
> > > > > My belief is that technical analysis already reflects ALL,that is
> > known
> > > > > about a stock including all fundamental factors. I believe that is
the
> > > > > standard belief of technicians. It seems that is what you are also
> > saying.
> > > > > My original email to Bob may have been ambiguous.
> > > > > Dom ----- Original
Message -----
> > > > > From: "Ira Tunik" <ist@xxxxxx>
> > > > > To: <realtraders@xxxxxxxxxxx>
> > > > > Sent: Wednesday, December 06, 2000 10:03 PM
> > > > > Subject: Re: [RT] Dow
> > > > >
> > > > >
> > > > > > Those factors would all have been factored in before you
selected
> > the
> > > > > stock to
> > > > > > trade. They would be terrible if you were looking for a short
in a
> > down
> > > > > market
> > > > > > and they would be wonderful if you were looking for a stock to
trade
> > in
> > > > an
> > > > > up
> > > > > > market. After the selection, you would trade it technically.
Ira
> > > > > >
> > > > > > Dom Perrino wrote:
> > > > > >
> > > > > > > Bob,
> > > > > > > In your opinion,what would you consider key differences
between a
> > > > > technician
> > > > > > > and a fundamentalist ( like yourself ) if both let the market
tape
> > > > call
> > > > > the
> > > > > > > shots on a day to day basis, and, as you well put it, keeping
the
> > > > > account
> > > > > > > healthy.
> > > > > > > It would seem to me that the technician would have an easier
job
> > since
> > > > > on a
> > > > > > > short term basis p/e, book value,sales, balance sheet, current
> > ratio
> > > > > > > etc.would not need to be factored into the trade .
> > > > > > > Dom
> > > > > > >
> > > > > > > ----- Original Message -----
> > > > > > > From: "Bob" <bobskc@xxxxxxxxxxxx>
> > > > > > > To: <realtraders@xxxxxxxxxxx>
> > > > > > > Sent: Wednesday, December 06, 2000 1:21 PM
> > > > > > > Subject: Re: [RT] Dow
> > > > > > >
> > > > > > > > An elitist? I hope not and I certainly hope that you detect
a
> > man
> > > > who
> > > > > > > > doesn't send insulting comments about someone he knows
nothing
> > > > about.
> > > > > > > >
> > > > > > > > As to the content of my mail, I was trying to state that as
long
> > as
> > > > > > > > liquidity and beta are the principal drivers of the nas
while
> > value
> > > > > and
> > > > > > > > common sense take a back seat, all gains should be viewed as
> > > > temporary
> > > > > and
> > > > > > > > unsustainable. As to "burning flesh", I don't care which
way
> > this
> > > > > market
> > > > > > > > goes as long as it goes .. I let the market tell me what to
do
> > on a
> > > > > day to
> > > > > > > > day basis and I don't fight the tape. My account is healthy
..
> > I
> > > > hope
> > > > > > > > yours is as well.
> > > > > > > >
> > > > > > > > Bob
> > > > > > > >
> > > > > > > > At 03:35 AM 12/6/2000 -0500, you wrote:
> > > > > > > > >Bob,
> > > > > > > > > I've been a student/investor for many years. Sounds
to
> > me
> > > > like
> > > > > > > you've
> > > > > > > > >become "insulted" that the mob out there doesn't have your
> > > > > intelligence
> > > > > > > and
> > > > > > > > >prescience.
> > > > > > > > >
> > > > > > > > > Do I detect the burning flesh of an elitist?
> > > > > > > > >
> > > > > > > > >
> > > > > > > > >To unsubscribe from this group, send an email to:
> > > > > > > > >realtraders-unsubscribe@xxxxxxxxxxx
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > > > To unsubscribe from this group, send an email to:
> > > > > > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > >
> > > > > > >
> > > > > > > To unsubscribe from this group, send an email to:
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> > > > > >
> > > > > >
> > > > > >
> > > > > > To unsubscribe from this group, send an email to:
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> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
> > > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > > >
> > > > >
> > > > >
> > > > >
> > > >
> > > >
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> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
> > >
> >
> >
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>
>
>
> To unsubscribe from this group, send an email to:
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