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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TATRADER who wrote (2235)8/12/1998 9:46:00 PM
From: JACK R. SMITH JR.  Read Replies (1) of 59879
 
TATRADER,

I am doing the options on MOB on the long side and giving some room in the time frame. I have been feeling positive on the oils for some time, just not sure of the bottom. I have my stops close here, as it is tough to call the exact bottom in a downslider. I got fooled by heating oil. They will bump above the trendline and then it is a false break. My goal is to catch the big move in that situation, so I look at a loose short vs long MA. If you call it right and the thing moves, then your are a winner, but keep the stops close and expect the false break.

Jack

This must be viewed as the view of a postition trader, and not necessarily a "daytrader".
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