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To: James Strauss who wrote (4477)6/17/1999 3:24:00 PM
From: Lost1  Read Replies (1) | Respond to of 13094
 
James, In a case such as FCLX, at what point would you set your stop? 3/8 - 1/2 below entry price? I read the post you provided about setting the stop at a zero-loss level once an increase in price was attained after entrance. Since we're not necessarily using a P&F plan, I assume the in and out would dictate alternative #'s as well.

Thanks,

Lost1



To: James Strauss who wrote (4477)6/19/1999 2:32:00 PM
From: James Strauss  Respond to of 13094
 
McClellan Summation Index Ready To Point Up...

decisionpoint.com

Note the beginning of a turnaround in the Summation Index... This will be the third in a series of rising bottoms...

This implies that the market will continue to head higher...

To back this up, Alan Greenspan is giving the Market the thumbs up sign on a silver platter... By speaking more clearly about FED intentions during the Congressional hearings this past week, we know that the worst that can happen is a 1/4 interest rate hike... This is already priced into the market... In fact, the 30 year bond rate dipped below 6% during his testimony... It's not often that Alan Greenspan gives the market a free pass... So, I'm taking advantage of it... : >

Jim