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Strategies & Market Trends : Trading DiNapoli Levels

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To: Craig who wrote (2)1/15/1998 11:17:00 PM
From: Craig   of 15
 
The fickle winds of fate blew both ways today....

MED is being taken over, which gave it a nice lift. Not bad for less than a week. A foul wind blew with REAL. After I purchased the stock the company anounced a plant closing and the stock got smacked. Hoping for a RR Track (really hoping hard), otherwise I hope to catch a fib retracement to exit.

Tonights ideas...
ENR - Envirotest, set up for a retracement, still maintaining bullish weekly MACD/Stoch.

ABTX - Watching this one for a double repo to form. Hasn't dipped below the 3x3 MA yet, but has had good thrust.

Question: Is anyone using hard stops? There are strong opinions on both sides of the issue.
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