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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Linda L who wrote (73274)11/24/1999 3:06:00 PM
From: Jerry Olson  Read Replies (1) of 120523
 
Linda

another thing<G>...

each day, set up your "ACTION POINTS"....if we take HLTH again...only 3 things can happen here...

with the chart showing yesterdays trading at 41 in a col. of X's...hgere's the 3 potentail possibilites..

1.----the stocks trades between 41 and 39...no action taken...these are wiggles and jiggles...

2. the stock prints 38, then you would have a 3 box reversal down, and move into a col. of O's..

3. the stock prints 42 today we would add another X...

so the action points are important to have in your mind each day looking at the charts of the stocks you are trading/following...

hope this helps...
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