Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Mike Learner who wrote (2148)	10/27/1998 3:38:00 PM
From: Dr. Stoxx	Read Replies (3) of 39683

Michael, I made my recommendations based on several new additions I am considering making to the BTT system: EPS relative strength (as per the IBD figure), with 80 being the minimum figure, and over 90 being the best, markets breaking out into new highs after a long-term consolidation (with IBD relative strength over 80), and sector strength. Right now the small caps tech sector is hot. Stochastics are way up, I know, but the idea here is to jump on issues that are showing strong near-term strength (still befriending the trend) as well as showing excellent quarterly growth. Buy in on pullbacks, set 10% trailing stops, and only sell out when either EPS or RS drops drastically. Just an experiment. I'll let you know how it goes (so far so good). TC.

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