Anheuser Bush (BUD) in parabolic climax Message Board

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Non-Tech : Anheuser Bush (BUD) in parabolic climax

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To: wolfgangl who wrote (3)	3/30/1999 6:04:00 PM
From: bob wallace	Read Replies (1) of 14

yeah, better entry than mine.... anyway, Larry Connors, in Connors Advanced Trading Strategies method to short parabolic stocks: find a stock whose weekly adx (I assumed 14 period) is 60 or higher, then wait for first downtick in the weekly adx and short - no specifics on entry allow a 15% stop loss, sell 1/2 position at 20% profit, use trailing stops to protect balance of position (again, no specifics) I used this method for neon a week or so ago, I closed the position on the first day for a 7 point gain, or about 11%. there were 4 more points which I did not get (from my entry) - I entered neon the first day of the signal. on bud, I didn't get in until the day after the signal - and I was not patient enough on that day that's the story Bob glad I am not the only one short - there wa quite a bit of block buying right at the close...

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