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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: dennis michael patterson who wrote (4360)3/28/2001 10:36:12 AM
From: JRI  Read Replies (1) of 52237
 
Had a great morning....hung onto heavy shorts overnite...and it paid off.....covered at COMPX 1903 all positions.....want to see how COMPX 1890-1900 does (may take most/all day for resolution)...will it hold? If it doesn't, COMPX is going to at least 1800, and probably even 1700.....

If it does hold, I'll jump long for a bit (but likely not overnite)....either way....this is nice territory....you can take a position at pretty low risk (if you get long at COMPX 1900, you sell if it break 1890 hard...and vice-versa)....if you short when COMPX breaks 1890....then cover if it breaks 1900 w/gusto....

This is one of those 10-1 reward/risk trades that I like...I need to stick with those...<G>

1890-1900 has a lot of good support/resistance pts...IMO....love those clear trades....best
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