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: Michael Watkins who wrote (84)	2/7/2001 4:43:37 PM
From: Ally	Read Replies (1) of 147

Mike, re: AGU.. its going nicely according to initial plan. I'm not in a hurry to sell this one unless unexpected surprises spring up. Nice long white candle day today with good volume. Looking at the daily chart, MACD swinging up. Also, D+ just crossed over D- with ADX value still low. All in all, probability stacked for further upside momentum. 207.61.23.99 On the hourly chart, ADX is getting there at 42, and a 45 spread between D+ and D-. Looks like daytraders took some profit near end of day. 207.61.23.99 re: RIM Out shopping most of today so didn't watch blow by blow action. Pity I was stopped out that day at $106. Makes me think that for swing trades, trailing stops may not be a good strategy. Still have the 200 and experimenting to see the outcome on a full swing trade. Without T's sophisticated charting capabilities, I'm manually drawing red and green swing lines when backtesting charts, or looking forward on swing size. Big question now is whether it can make a lower low than $66 of Jan 8. 207.61.23.99

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