Befriend the Trend Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading

SPY 681.86

-0.7%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken Adams who wrote (2669)	1/18/1999 9:16:00 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Ken, Beautiful post, full of wisdom. Absolutely right: new highs are a prelude to minor pullbacks, which in turn pose prime entry targets for short-term swing trades. This technique is at the heart of the BTTT system, as well as Elder's TA-based "three screen trading system" (the second screen identifies pullbacks). Looked at all four charts, and like MRCY the best. CLFY is deceptively good looking, but MACD analysis shows that the present uptrend is slowing down, and may have topped (lower highs relative to price). (I had a link here to Ask Research but it did not take.) ENZN looks reasonably good. TC.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next