Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: r q lad who wrote (5198)	2/5/1998 10:39:00 PM
From: LastShadow	Read Replies (1) of 120523

General Advice for Everyone: Set stops, please. Look at the intraday chart, and if its rising over multiple days, go back two days and use that day's close, or 8 to 10% less than your entry. Pick one or the other depending on what the intraday range is for a ticker. If you see spikes going down for one buy, its the mm (on NASDAQ) picking off someone's stop - so go below that, but not too much - better to lose and have to rebuy than to lose a lot more. If the action is fairly tight and predictable, then use the basic charting trendline technique to determine where it should stay above. If a few of you want me to repost how to do the trendlines, email requests so we don't intrude on the thread. lastshadow

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