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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: SGJ who wrote (2594)	8/14/2013 9:59:08 AM
From: The Ox	Read Replies (1) of 8281

I would set my buy points as low as possible, especially with companies that are somewhat out of favor like INTC, due to it's large reliance on PC based income. I like the pattern and there's no reason not to play good patterns, as long as you keep close stops and don't let them break down on you. I have concerns about moves like yesterday's bounce in the S+P. It was expected and came almost exactly where it "should have"...if there is such a thing in the market. The ballistic nature makes me think it was more short covering than real buying but that's just my initial "gut" reaction to the move. Volume is low for most of the market, so that leads to wild swings. This also reinforces my view to look for unusually low prices for entry.... Like the short term, FB's entry point was this morning but many, including myself, were looking at yesterday's lows for a good bounce. Good trading!!

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