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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who wrote (781)12/15/2001 12:18:56 AM
From: Sam Raven   of 1567
 
The alerts today were BBBY, CPWM, GTK, ITMN on a spike, and of course TOL. The first three did well, TOL did well for a while but then dropped to 42 support, a day trade would have stopped, a short-termer would have a stop right under Thursday's low. For ITMN a stop below Thursday's low is too deep, I'd set just below 49, maybe 48.86 or so.

ABGX, CECO, CLX and EW are good examples why we require a stock to climb 20 cents above the previous days high before alerting.

Have a good weekend.

Sam
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