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Strategies & Market Trends : Befriend the Trend Trading
SPY 671.40-1.1%Dec 17 4:00 PM EST
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To: go4it who wrote (4550)7/7/1999 12:26:00 PM
From: Dr. Stoxx  Read Replies (1) of 39683
 
Hi Charles,

Yes, I do use price targets, but only "mental" ones. They are points where the trade needs to be reevaluated.

For NDB, e.g., I am using the 40MA (45) as the first target, and if it breaks that, then there is strong support at 35 which would be the second target.

Sometimes, price patterns are used. A bull flag trade, e.g., would use the distance of the flagpole as the desired movement of price.

TC.
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