Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Jan Robert Wolansky who wrote (4644)	1/8/1998 10:31:00 PM
From: Chris	Read Replies (1) of 42787

i saw that you got hit with ntsc.. guess what??? i took a hit this week in that same stock (NTSC) couple things that i failed to do: 1) look at weekly chart: still bearish 2) look at stochrsi 8,5.. it was up high. no power in the move i got in on 1/5/97 on buy stop order. (above 50 day ma) did you notice the bearish close on 1/5/97?? man.. if you buy a stock.. you want that stock to ZOOM UP.. none of this high open and low close.. what kind of breakout play is that? so, i said "oh man.. im dead".. next day, i had sell stop in place and i got taken out.. lost $200 in one day im so dumb.. traded against my own system.. anyways, cutting losses is key.. look at ntsc now... judging on the weekly chart, i see ntsc rallying in 2-4 weeks.. not now when i say rallying.. i mean 20%-40% gains.. the weeklies really help you discern the small and the big moves. it's ok.. im striving for 66% trade accuracy.. and i guess ntsc was my first loser.. im also selling out my sunw.. too risky when tech earnings are coming out next week.. no need to be in.. will look to sell out tomorrow (sunw)

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