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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: wmwmw who wrote (31349)7/29/1999 3:14:00 AM
From: Doug R  Read Replies (5) of 79237
 
Wang,

"SWRX is not dead, its fundaments have not changed any, if you study its press release."

The "press release" is a highly contrived piece of public relations geared toward those who might buy or sell the stock based on their own individual interpretation of what the contrivance is meant to address. Each individual company does it in their own way but the end result is the consensus view. Any individual take on any fundamental situation is basically an invitation to allow emotion and bias into your model. The activity that the SWRX chart has performed gives the regulars on this thread an opportunity to use this stock as a vehicle for profit IF it performs just 2 more very common specifics. It already fell into a model with the gap down. Now it's just a matter of observing it for the qualifying activity. No fundamental judgements to make. No personal proclivities. Just the system. Risk is -5% maximum while reward is 28% average.
If SWRX doesn't conform to the next 2 segments of the model (PGDCEB), it's no big deal. Lots and lots of stocks do...often.

You may have noticed by now that there are several models used on this thread. High probability for high return type stuff. But not without the measure of risk that goes with it.
Of course, the strength and duration of overall market movement is most important. Time frame and risk tolerance within a volatile bull market must be taken into account concerning any model chosen as relevant at any given time. The models you'll find here are geared for this environment and are helpful as long as you understand how they fit into the landscape.

Doug R
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