Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 687.85

-0.4%

Dec 29 4:00 PM EST

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To: Caroline who wrote (2774)	1/24/1999 5:31:00 PM
From: Dr. Stoxx	Read Replies (1) of 39683

CB, On timely.com I normally trade from the 5M template, but usually check the 8M and even 2Y as well. AXP is ripe for shorting on all fronts (MACD, Stoch, OBV) except the last major low is slightly higher than the previous one. Otherwise, the lastest high is weaker than the previous one, indicating a move out of the trading range and into a trend. If it goes, it's a 10% no-brainer. CD is a toss-up, I agree. And C is not yet ripe, but could become so very shortly. TC.

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