Stock Attack II - A Complete Analysis Message Board

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

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To: TechTrader42 who wrote (22000)	10/18/2001 2:46:29 PM
From: Jan Crawley	Read Replies (1) of 52237

It's a sensitive topic I think that it's ture and it's also a personal one. I don't have a T/A system(s) and I have just the most "elementary" knowledge in the t/a area so I sorta "satuate" myself with others' on this thread. I try to understand their analysis but I don't use them specifically...I just read and follow their posts and therefore they influence part of my trading "moves" sometimes...I am sure. But many times, the following example dominates: As you know my Yhoo sell at around $13...so early today as Yhoo was dropping under $11.50...I set a limit to buy at $11.02...so it was not filled...my calc. was simple... Yhoo- from $8 to $13, we have $5. $5@40%(vs 38% retracement) is $2. So if Yhoo drops $2 this morning(from yesterday), a day bounce is likely. Same calculation was used on Csco...and $14.6 was the number...but Csco was trading above $16 while Yhoo was at $11.35...so my limit buy was Yhoo. Nothing materialized as a day trade..but those was my logic. Regards.

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