Strong Industry Groups - Strong Stocks Message Board

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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject	5/9/2001 1:04:47 AM
From: Sam Raven	of 1567

For those who are having trouble buying from a watchlist.... The stocks are screened for current strength in price and volume, (breakout), or recent strength (correction of breakout). What we like to see is a continuation of the move, which is indicated by having the stock climb approximately 1/4 point above the previous days high. This narrows the watchlist to just buy those that are strong. However, since the stocks are in uptrends you can often see support at the 7, 20 or 50 day moving average if the stock makes a sharp correction. It is easy to set alerts at those levels for falling stocks then look for a bounce when you get one alerted. This often makes safe trades because you have a fixed stop (3/8 below buy price) and a lot of rise before resistance comes in. Good Trading!! Sam savvy-trader.com

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