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

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To: stan s. who wrote (67560)10/23/1999 1:36:00 PM
From: Ellen  Read Replies (1) of 90042
 
> This is an oversight I'm making too much lately...not watching these ... after they make the initial break of resistance and test new highs.

This was a classic example of dropping back to test the newly formed point of support (I get bored in the interim but a PnF dream) and then the move back to test the new highs. Problem is I'm getting off track looking for stocks always breaking....whereas testing support and holding after the initial break is every bit as viable a play....perhaps more so.
<

That's so weird (to me) that you posted this! Because I've been reviewing some of my own notes, etc. and I have done the same thing - looking for 'new opportunities' while not keeping still-viable ones on my own 'watch list.' So you're not the only one!

Human nature rears its head...

> Okay I'm blathering...lol <

Nope, you're not. Not at all...:-)
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