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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (23861)9/28/1999 12:00:00 PM
From: BraveWave  Read Replies (2) of 34809
 
Hey Preston,

Yeah...that was a quick violation. I know DWA wants to give the stock to 8.5 for a sell stop....I bought at 11.4...a sell stop at 9.5 gives me maximum downside of about 16%. A sell stop at 10.5 gives me downside risk of about 8%. i reviewed this trade with Steve Kane as a little trial run....looked beautiful according to the trading strategy we'd like to use in a pooled investment fund of some kind. Vertical count is about 20, with a reward to risk ration of 10.5:1. I know we're swimming upstream on this one...we'll see how it turns out!

David
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