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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (22288)	7/10/1999 6:17:00 PM
From: wizzards wine	Read Replies (2) \| Respond to of 34827

Hi Dave... I guess it really depends on the overall indicators, the sector and the individual issue. For instance, if the sector is below 30% and just flipped up to positive, I'd likely not be as picky about a pull back...but as the sector goes above 50% and higher, this is where it takes sitting on your hands sometimes and waiting for the pull back... Let's say that all our indicators have been positive and that they start to flip negative or into O's...at this point I want a full pullback to support with a close stop on anything not RS in X's ... I'm also more likely to look at taking profits off the table early if the indicators start flipping negative on all but the strongest of issues...but again it's really up to running your plan,"providing you have one and it's not to just make profits :-)" That's nice but kind of like a mental stop, not very effective or effecient. Tommy's drummed into me to have a plan...now I fully recommend his idea of up 33% sell the 1st 1/3, up 50% sell the 2nd 1/3, and hold that last with a stop at the first up 33% point... It takes the emotion out of equation and gives you something to follow. Even if you change your sell percentages, you still have a plan... JMHO hope it's useful and answered some of your questions. Later Preston