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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: pooh who wrote (95855)5/3/2000 1:11:00 PM
From: Jeff Jordan   of 120523
 
Pooh,

CMGI is in the middle of a trading range....58-70, outside this range it is most likely to go with the trend. Making a trading decision in the middle of the range is the hardest thing to get right.

What OJ and I are doing is using the indexes to trade the market....so when we have a good feel for market direction we make our decision to buy or sell. On what ever charts we like as for correct entry/exit strategies for position trading.

I also like to use the ROC rate of change indicator to help determine holds buy add sell signals. If the stock is trading above or below the reference line.

and pooh...I didn't know which stock OJ was referring to....I was commenting because he appeared to be whipsawing on his futures calls. I think

I think CMGI will break the trendline down and break below 60 edit: for sure now...my SPX 1418 was broken easily!
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