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Strategies & Market Trends : The Amateur Traders Corner

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To: Paul A who wrote (7587)	3/24/2001 2:10:40 AM
From: apearlma	Read Replies (1) of 19633

My charting is a lot simpler than that. I don't actually look for big giant targets. I look for 5%-6% high percentage trades. Breaks through trendlines with volume with good looking charts. They occasionally lead to really huge moves, but I don't care. I also tend to not like charting markets, but rather looking at individual stocks, usually about 100/day. Lots of individuals will tell you volumes about the market. MU has a nice looking chart with volume. Tech is looking frisky again. Surprisingly, though it jumped a little too much, but AMD is also one of the really nice charts. I don't win. I'm not long. Yet. :-) If I were going to short MU on the fundies(which is extremely likely for reference, just not now - I went short that day right before the earnings, but I'm not a particularly good daytrader, so decided to close out with a small profit), I'd either wait until closes below thursday's close or until it makes that move. No reason to dive in front of trucks. Andy

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