hi chris, haven't talked to you for some time. hope all is well, and have a very happy holiday!
i loved your post to which i am responding. we have all learned quite a lot this year, and your list of "do"s should be followed by all who wish to make a buck in this crazy world of trading. have a plan, and stick to it! know how/when you will exit a trade even before you enter it. this thread is invaluable, keep it up!
now for the averages. i used to use exponential, but i have become a follower of the teachings of Richard Wyckoff, and he firmly believed in using simple averages, as well as arithmetic price charts (i had been using semi-log). the naz 200 dma is 1498+. we hit it intra-day, but as soon as we did, a bounce occurred. not a very big one, but i was able to eek out 1/4 point on amat. but then it reversed again, and closed slightly above it at 1499.53. friday will be interesting to watch. the volume should be even less than today, altho today was supposedly busier than most expected.
again, have a very happy holiday, whatever you celebrate. may the new year bring many opportunities for one and all! happy trading! debra |
