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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: ynot who wrote (63161)9/24/1999 9:40:00 PM
From: Jenna  Read Replies (1) of 120523
 
PHCM..don't forget I covered it for the shorter term gains while you hold for the longer reward. 11 points in PHCM can be made up in 1 hour or less, but I'm really trying to hold today,I haven't seen a chart move that way for most of my 4 1/2 year in this business. You can't lasso it with TA, so you have to be on the lookout. I had 6 charts up at the same time and plotted movings averages as they would be seen by the 1,5, 10,15, 30 and 60 minute charts and still could not presage the intensity of that rise. But looking back I made one major error, I had planned to short it at the very last 10-15 minutes of trading but did so in the last 40 minutes and that was wherein the mistake
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