LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: BoNg-N-BoNg who wrote (7769)	2/3/1999 1:59:00 PM
From: LastShadow	Read Replies (2) of 43080

Quadruple bottom? Well I guess you could call it that, but in reality its just moving horizontally now, as there is no technical term for staying in a flat trading channel. Usually, when one encounters the third bounce, you essentially ignore the first one and use the last two as the double bottom if they are closely spaced. Essentially want you want to find out is what the upper resistance level is that it keeps bouncing off of and going back down. That is where you put a buy stop and forget about it. The other option is to map that ceiling and floor and just trade between them going long and short as appropriate. I can't find any place the provide free historical Mutual Fund data (the hstq site is only stocks). I have a hole in my data for 1q 98 and need to find it (since I'm too lazy to enter all the data by hand). I've done a bunch of web searched and am getting nothing of use. ls

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