The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: ok1day who wrote (54090)	8/19/1999 10:52:00 AM
From: stan s.	Read Replies (3) of 90042

You should take the week off and get a fresh start Monday. I do want to point something out and then I won't belabor it. I mentioned 11 volume/price (MANU excluded, low volume) breaks yesterday on low priced stocks. Message 11002728 8 are up, 2 down slightly and 1 even. And at last check, at least 3 were over 10%...and on a crappy market day to this point. Will they stay up? I don't really know or care, from the looks of the markets, maybe not.. The point is the validity of finding a system...paper trading it 'til you're familiar with the nuances and then going for it. If you do use a similar system to the one I described...you have to buy several or have several rotating...trying to pick one or two from the lot with all your money..is suicide. And again these are position TA trades. You would have pre determined support resistance points etc. and dump when apropos. For daytrading, Tim's philosophy of safe larger caps is a sound one. I'll be gone most of the day Kathy...I'll gather the links and send them today...good luck. Stan

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