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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (3648)	9/6/1999 12:57:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Tai, There is an awful lot of space between a stock going up and a stock going down. There are so many good places to consider new positions in a developing rollover (top formation), way before the majority of the (downside) momentum chasers see a short sale. In these patterns, there is almost always someone to cross your Island sale without a problem. You mention being confident in your chart reading skills. Reading these kinds of turning points gets you into excellent short sales with relatively low risk. When it comes to runaway trends, chart reading skills can tell you the stock is overbought or that the stock has blown out of a deviation channel or that it's hitting climax volume. But they can't tell you exactly when the damn stock will stop going up. Alan