Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: stock talk who wrote (5106)	3/13/1998 10:39:00 AM
From: TATRADER	Read Replies (1) of 7396

NINE, stock broke at 2.00 moved to 4.73...Rapid moving stocks usually do gut wrenching corrections of 50%...Take 1.35 from 4.73, you get buy area of 3.38 on NINE..Secondly, use Gann Retracement Indicator... If used properly, gives buy area in 3.25-3.50 area...I let my emotions enter, and got in too high at 3 5/8....ADX is moving up strongly, and that tells me the trend is in place...I will sit out this storm, while the pros play their trading games...I was just hoping to get in under 4.00, so I shouldn't be greedy....Mark P.S. BOUGHT SNRS at 4.96, I am early on this one, break is at 5.12...

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