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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: 7 Years who wrote (11753)3/29/2007 8:37:05 AM
From: chowder  Read Replies (1) of 13449
 
Re: LAM.TO ... >>> what would your take on the differential between the price and the MAs and BBs. <<<

Price is a little extended. I would have preferred an entry a little closer to the break out point. I do allow up to 5% above a break out point when placing buy orders. However, you are trading with the trend and you should be OK.

Sometimes, when the broader markets are in a decline, you may want to buy a smaller position initially if you are buying an extended price point. Then you can add on any price consolidation.

This is a nice looking chart.

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