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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject9/22/2002 4:53:24 AM
From: macavity  Read Replies (1) of 1567
 
Your thread looks very familiar!

I have a similar thread focusing on sector indices and stuff to try and find positions to trade.
It is interesting reading your thread.
I too talk to myself, but it is good as I keep a journal of my thoughts and data for most days.

I may well be asking you some questions in the coming days/weeks.

It appears that you look to trade breakouts, I look to trade against pullbacks in bull trends and against rallys in bear trends.
I use a semi-automated method to determine when to trade, but I use trailing stops to enter and exit positions (so I let Mr Market decide not me)

I use TC2000 so I do have a bunch of Industry Group data (and actually I do run the system against this data).
My problem has been trading stocks - they are so volatile relative to indices or sectors so I prefer HOLDRS or SPDRS for now.
I look for core positions to be in the region of 3 - 13 weeks and I may use short-term retracments to add to/pyramid positions.

I have you on bookmarked so I will be paying attention.

-macavity

Long AU, ABX
Short SPY, BBH
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