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Strategies & Market Trends : Technical Analysis - Beginners

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To: DRRISK who wrote (9683)	3/3/1999 9:32:00 PM
From: shasta23	Read Replies (1) of 12039

Hi DRRISK! I learned a lot from Dave and Richard and a lot of others here and compared to them i'm a newbie. But in the case of COMS it might all boil down to the question of time frame. Yeah, i wouldn't want to buy COMS here for a medium or longer term move. To high of a risk. But with an oversold market which might get a move 0f 3-4% up the next days(who really knows) you might get a bounce tomorrow morning for 2-3 points and then i would go out.Pure daytrading style. IF that's what you are talking about then i think you might be right. I will put it on my watchlist for the open and see how it will react. This has nothing to do with the configuration of certain indicators just more the expectation that the rubber band is stretch to the max and will either bounce back or break. So if i go long COMS i will do that with an extremly tight stop. Stefan

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