LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: David Meyer who wrote (703)	9/28/1998 6:53:00 AM
From: LastShadow	Read Replies (1) of 43080

A good example of a local reversal was for LCOS in Earrly August, when it hit a floor of 25 and local maximum of 34 - it corrected down a bit and then ran up to 40. Yes you could hold through a local reversal, but one only knows if its local after the fact. If it doesn't stay above 32.5, I would sell and rebuy when it his the next reversal. EMC is an interesting chart. The trading channel says it may go as low as about 54 or so in the next couple of days. Thanks AT. lastshadow

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