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

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To: John NY who wrote (114772)10/6/2000 5:30:01 AM
From: lee kramer  Read Replies (1) of 120523
 
JohnNY: You've got a list longer than Dortrmunder's shopping list. As OJ often says, "keep it simple." I cannot follow a multitude of stocks as some can. Three is about my limit. When I see a "trigger" I pull up the chart (Qchart). I check to see if the price is fairly close to the trigger price... if it's up 3/4 or more, I forget it. If it's not, I click to the 15, 10 and 5 minute charts. This takes only a few seconds. If I like what I see, and this is purely subjective, I may enter a LIMIT order or if the spread is narrow, a market order. With Qcharts you can garner the current spread. I don't look at TRIN, the averages, the futures or anything else. I take it on faith that a trigger by Jenna or OJ has taken all these into account. Then, if I take a position I IMMEDIATELY enter a stop order, limiting my loss if the trade goes wrong. This is a tough market John...and what you feel is felt by many I suspect. My biggest problem seems always to be "so many charts, so many triggers and possible trades...which one or two shall I choose." I'd suggest you follow one or two watch list stocks or E/P's. And trade just that these until you begin to feel more comfortable and confident. Then you might want to go with a trigger or two. (Lee)
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