Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Paul Shread who wrote (258)	8/21/2001 9:20:19 AM
From: isopatch	Read Replies (5) of 36161

Paul. My Chart Approach is Completely Different IMHO, the entire concept of "overbought" TA indicators is a misunderstood by 90% of traders. The very definition of a major Bull Move in a stock or sector is when it gets and stays overbought for long periods of time. I'm a trend follower not a swing trader. So want stocks that show this kind of powerful trend confirmation. Then let my profits run vs scalping or STing all my trades. Next forget daily charts. The first thing to look at for in Intermediate work is weekly charts. Here's mine for GLG: stockcharts.com[w,a]whclyymy[de][pb50!d20,2][vc60][iUb14!Uk14!Lh14,3!Ll14!Lc20] The oscillators are "balls to the wall".<G> Right where I want them to be on "the leader" in my portfolio. And look how how high the ADX thick black line is!! And look at the money flow! All ringing confirmation of an extraordinarily powerful Bull trend. Paul, this is the stuff that multi-baggers are made of. Finding them and then letting them run the full count is how I outperform the vast majority of investors over time. Best Iso

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