Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 691.81

+0.6%

Jan 6 4:00 PM EST

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To: Charles Kalb who wrote (2581)	1/11/1999 4:40:00 PM
From: Dr. Stoxx	of 39683

CK, No, I've never used deviation channels, nor do I have access to them. I am reliant on free sites (by choice rather than necessity...trying to keep my system simple and non-time-consuming). Can't disagree with your logic about a possible downturn in DURA. But if it were me, I would put in a stop order about $1 below today's close, and if the trade executed, to place a stop one tick above the previous day's high. DURA has given a couple of false starts down (see 10 trading days ago, e.g.). But I would say, the odds are in your favor that it will see a correction in the near term. Watch and wait for now. Good luck, TC.

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