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

To: XOsDaWAY2GO who wrote (23271)	8/24/1999 1:07:00 AM
From: mph	Read Replies (2) \| Respond to of 34813

Hi! You must be enjoying KIDE. I wonder if anyone besides me is GRINning......(got in last week) M

To: XOsDaWAY2GO who wrote (23271)	8/24/1999 9:23:00 AM
From: wizzards wine	Respond to of 34813

Morning Barbara...UTI??? What was your plan when you entered??? It's been a nice mover, like many of the Oil Service sector following the move higher in oil prices... RS still Buy in X's , but it's at the top of it's trading band...If we look at the last time it ran up 10 boxes from 10 to 15.5, it promptly pulled back 5...traded sideways a bit and then went up another bit traded sideways 3 months and now another 11 box climb up... Even with such a nice chart, I would expect that it will likely pull back perhaps 4 or 5 boxes...as profits are taken off the table... Then if oil prices stay up or increase, it will likely hold and or climb up... Depending where one entered, you could also sell part of the position to lock in profits and hold the remaining with a closer stop... But it really comes down to "YOUR ORIGINAL PLAN" And only YOU know what that was!!! We hope :-) Hope that helps, a little... Later Preston

To: XOsDaWAY2GO who wrote (23271)	8/24/1999 10:19:00 AM
From: BraveWave	Respond to of 34813

XO: Look for target, follow trend. My own personal preference is to look for the price target to help assess the reward to risk ratio, but to follow the trend throught the price target if the trend continues. I found Abey's comments on revising trendlines ona short- to intermediate-term basis very helpful in keeping a tighter rein on profit protection. I have trimmed too many spectacular winners in the past by selling at a targeted price. David

To: XOsDaWAY2GO who wrote (23271)	8/24/1999 11:56:00 AM
From: Tulvio Durand	Respond to of 34813

'Da book' says (pp 73,74, and paraphrased here): sell 1/3 after 30% gain; sell another 1/3 after 50% gain; hold remaining 1/3 until any of following occurs: (1) drops below BSL, (2) RS turns negative, (3) falls to price where 1st profit was taken. Easier said then done, in my experience. You need to set sell price targets (in addition to stop price) when you buy. Also other considerations, eg., holding period and capital gain taxes. Greed sometimes mitigates effectiveness of this method. :) Tulvio