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Strategies & Market Trends : WELCOME TO THE CATHOUSE

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To: Alski who wrote (150)9/1/1999 5:10:00 PM
From: ivan solotaroff  Read Replies (1) of 1065
 
Al,

Two basic ways out (of a profitable situation, that is):
One: Violation of accelerated uptrend: Let's say it goes up to 5/8 tomorrow, then 3/4 on Friday, then up to 5 on Tuesday, then suddenly starts skeddadling up to 5 3/4, 5/ 7/8; draw your trendlines intraday, and sell at the first break of the acceleration.
Two: The volume plus1 Method: Hold until you get a day of volume significantly higher than the previous three days. (Generally, this will accompany a sharp rise in price.) Then sell into the highest high you can figure out the next morning.
That's the two basics. Others include:
1) The moment you feel panicky;
2) The moment you see a stock you like better;
3) The moment it loses 1/32;
4) You get the picture.

Ivan

PS: Tomorrow's my day in NYC, so none of my hobbergash till Friday. Feel free to pick Doug's brains, right Doug?
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