LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: chartseer who wrote (19014)	8/8/1999 9:55:00 PM
From: Dave Shares	Read Replies (1) of 43080

Chartseer, I agree with your P&F analysis. I indicated earlier that I am not a buyer of TSFW here. My analysis was intended to be a low risk entry for someone looking to take a position as close to the bullish support line as possible, leaving a tight stop and minimal risk. I also reiterate another post I made earlier that the overall P&F indicators are negative, which implies great risk in the market on the long side. I am not intending to initiate any long positions at this time. For any daytrade or swing trade, I'll be looking for stocks on buy signals near support to minimize risk, but I'll focus more on shorting stocks on sell signals near resistance. I also think using gap method on rally openings for short sales is a good strategy here. David

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