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Politics : High Tolerance Plasticity

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To: pls418 who wrote (12816)	3/8/2002 8:58:58 PM
From: chowder	Read Replies (1) of 23153

Steve, my stops are mental stops. You don't play cards showing your opponent your hand, why show the MM your hand when he's the one that manipulates the deck? When using TA, intraday moves are rarely taken into consideration. It's the open and close that I focus on. To do this you need to be a little flexible. If you see you're coming up against a resistance level, go ahead and sell, lock in your profit and wait to see what the price is going to do. If it breaks resistance on strong volume, go ahead and buy back. You haven't lost much for the insurance of protecting yourself since about 80% of stocks pullback at resistance. If it pulls back as expected, set your price and go with the flow. Being flexible and open minded is critical. Work in the opposite direction from the support level. dabum

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