Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: MechanicalMethod who wrote (999)	4/25/2002 9:36:47 AM
From: Monty Lenard	Read Replies (2) of 1487

I don't short new highs. LOL...Had someone tell me the same thing a couple of years ago when GM set a new high and I made enough money of the short to pay for some major surgery (7 surgerys to be exact) on a dog that that I picked up that had been shot. Brooke will remember that well. They are most vulnerable at new highs for trading but to each his own. That is why I trade candles and you trade congestions, support, etc. BTW,look at AMGN inverted hammer 2 days ago. That is what should have happened. Now how far it goes I don't care . I made my target. Monty

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