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Strategies & Market Trends : Trading DiNapoli Levels

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To: Craig who wrote (1)1/15/1998 7:49:00 AM
From: Craig  Read Replies (2) of 15
 
Ended up long MED, did not buy NEOT due to lack of follow through. Shorted MOVA and TOK. Covered TOK a few days later due to hitting stop of .618 retracement of Repo extremes. Otherwise, I wait.

Will buy long REAL (Reliablity) this morning. Another Double Repo. I should also mention that all trades first pass through a screen that give me the top 400 stocks. So I am starting with a fundamental basis, then using this method for entry. Shorts can also come from ideas from other sources.

The Double Repo is very similiar to a 2B, for those familiar with the "Trader Vic" series of books. Except DiNapoli is defined on when this occurs using a 3x3 MA.

Sidenote: Was a little suprised with the reaction to Intel's numbers and comment. Investors are only taking a small degree of confidence in this.
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