Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 659.00

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Nov 21 4:00 PM EST

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To: Ken Adams who wrote (6931)	5/9/2000 2:42:00 PM
From: Ken Adams	Read Replies (2) of 39683

Thread, As I look at my "stable" (which now has dwindled to only 11 stocks) I see lots of drifting prices. The kind of market that is difficult at best to attempt short term trades. I've watched the 5/8 MAs on SCH on and off today and they have crossed numerous times, producing whipsaws every single time. OBV signaled a short about 1230 EDT (as did the MAs) but the result was less than a point. I can't trade for less than a point with my current 200 share limit (self imposed). It's just not worth the risk. This might be a time to just step back and review what's taken place over the past numerous and profitable weeks. We could see that type of market again... anytime. Ken (JMHO)

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