123 Trends and Reversals Message Board

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Strategies & Market Trends : 123 Trends and Reversals

QQQ 629.07

+0.5%

4:00 PM EDT

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To: Ally who wrote (80)	2/5/2001 2:51:56 PM
From: Michael Watkins	of 147

Well you are nimble and there's no tax issue, so perhaps not a bad idea. This is where the fundamental folks are supposed to have an advantage! ON the other hand, have a look at CP on a weekly chart - in that time frame it has just moved up out of a consolidation and is retesting a previous high from 1998. There could be more room to move. I guess if I was going to lock in gains I'd sell based on an expectation that if still healthy it will decline for a bit but leave buy stop orders above each daily down bar. just quick thoughts - flying in and out of the office today...

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