Lzzrd, can you direct me to a list of 10-20 symbols in retail sector....Would like to put in my short data base.....Or tell me how I would find these short gems by looking in IBD....Thanks...Happy Thanksgiving to you...Mark
P.S. Once Xmas expectations are over, these stocks should get hammered to downside...Will have gun loaded and ready....
P.S.S. Special thanks to Ketan, who saved my hide on MRVC....Ketan,
any stocks you like right now? Would you say this trading principle holds:
"When a stock tests the downside twice in a row, and cannot make a lower low on the second test, and you see large volume at that test of the lows, it means there is support there, and it would not be advisable to go short at that level"......
Another trading principle for technical traders:
"The most effective use of an oscillator is for choppy markets and when you have a mature trend.....However, if a stock is breaking out of a pattern,(rectangle,descending triangle,etc.) it would be advisable at that point to use a trend indicator such as the MACD Histogram, since the oscillator tends to become overheated too fast, and if you exit, you could miss the majority of the run..." |
