SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MP - Market Pulse
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stephen M. DeMoss who wrote (1174)8/9/2001 11:35:50 AM
From: HairBall  Read Replies (2) of 1328
 
Stephen M DeMoss: Projected support/resistance areas are points to watch for possible trade executions, closing a position or initiating a position or both, nothing more nothing less.

Most importantly is...will a given support area provide a tradable bounce, follow through is needed for that.

I suggest you use trailing stops rather than a resistance point at this time. Initially move your stop up for your CIEN trade just enough to give you a profit. As the trade begins to extend in a profitable direction begin a tailing stop loss point loose at first and as the trade continues to extend in a profitable direction tighten as your profits rise.

EDIT: CIEN was/is on my target list, I made a mistake and listed INTC twice.

Regards,
LG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News