Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: go4it who wrote (3843)	5/16/1999 12:44:00 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Charles, Johnnie has a reason to be rude, since judging by his profile SONE long seems to be his only trick in the bag...though not a bad trick to have really. For his sake I hope I am wrong...and I very well may be. This is not a BTTT trade (usually a bad sign!). My SONE venture (risky, I know...but a string of 15%+ weeks has me taking more chances...another bad sign!) is based on: post-split sell-off, bounce off parallel line resistance at 58-60; ROC divergence and crossover, and trendline resistance. The bigger picture is that SONE is basing and getting ready to continue its uptrend. For now, I'm just looking for a quick $2-$3 swing trade. But I'll cover if it opens strong on Monday. Hope this helps, TC.

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