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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: billy97 who wrote (468)6/1/2001 8:31:14 PM
From: Jenna  Read Replies (1) of 1227
 
FNSR..follow your charts if you have to get emails to tell you to buy or sell, and you can't see what the market is telling you maybe you should hone up on your technical analysis skills. When a stock is going up, its going up. This morning when everything gapped 'n crapped FNSR didn't crap with the rest, simple, You can't be obstinate in this market, you have to be ready to go with the trend. FNSR was down over 25% in Anticipatory Downswing. Traders have to learn that the day AFTER earnings is very volatile and the historical pricing patterns of the particular stock is highly irregular. That is why you SHOULD NOT HOLD THROUGH earnings. Once the volatility patterns return to normal FNSR might be much easier to short if that is your plan.

Occasionally if you have a particularly good day, you get tempted a bit, so hold a small position if you must. CMVT was trading great to the downside until Thursday when it got its upgrade and some positive indications for its earnings release. As a result CMVT is a maze of choppiness and its price patterns are showing a lot of indecision among investors/traders. It is best to leave these alone. A trader should have a 5 15 60 minute and daily chart open of the stock he's trading. A chart of the nasdaq trin, sector index (i.e. soxx) and the Nasdaq 100 futures chart along with the S&P futures contracts. You know all these already.
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