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Strategies & Market Trends : Technical Analysis - Beginners

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To: Richard Estes who wrote (1855)1/9/1997 1:15:00 AM
From: David Russell Coburn II   of 12039
 
Richard,

Thanks for the input. I'll take a look. This sounds like the indicator that I want to check out first. I want to see if I can use something like it to catch certain breakouts 1 day before they happen.

I have a question thats not really on the subject of TA. I'm sold on the idea of TA it just makes perfect sense. Takes alot of weight off my shoulders just knowing there is a method utilizing *** REAL *** data.

My problem is this. I have money in the market. 5 stocks which have good prospects according to the SSG from NAIC. 2 of the stocks look good from a TA point of view "extremely limited TA view = mine". One of the other stocks has an earnings report coming out very soon. After market closes of course. Now, if the earnings are good the price might open higher, if the earnings are bad the price might open significantly lower. I think I know that the "BIG BOYS" somehow get to trade after market hours. If I put in a stop order at close of say a $1.00 under the closing price and the price takes a dive after hours will my trade take place after hours and limit my loss to a $1.00.

I have this vision of you stomping around the room after reading this question. I've read alot of your posts and I know that the whole premise of this is basically sacriledge(sp). But, I'm in a bit of a special situation. I'm sold on TA but I don't know enough about it to actually be putting money in on it yet. In the mean time my confidence level on the 3 non TA approved stocks that I do have has been deminished.

I am not asking you to tell me what to do. It's my decision. All I want is an answer to the question of after hours trading.

By the way, you and Dave both do great posts.

thx:

DRC
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