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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: SteelBlueIce who wrote (464)3/16/1997 5:23:00 PM
From: Dick Brown   of 3325
 
It is odd how one concept will stand out above all others when studying this game. One that I will never forget from a Wycoff book is this: Best trading opportunities occur at 'danger points'. Points of danger represent minimum risk. You establish a position where the smallest amount of movement possible in the wrong direction will clearly indicate an error in judgement has been made. An example of this would be buying at an established trendline that has been 'respected'.
Dick.
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