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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: george1204 who wrote (4722)9/13/1999 9:26:00 AM
From: Dr. Stoxx  Read Replies (2) | Respond to of 39683
 
Hi George!

GNSS: That's a pretty big dip! My guess is that you'll see some buyers come on board today, which should at least put a stop to the bleeding. It may trade sideways for a while.

TC.



To: george1204 who wrote (4722)9/13/1999 1:54:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
george,

Looks like GNSS has had positive money flow today, as predicted, trading as high as 27 3/8.

Which raises a solid TA principle: the 60 min. charts often reveal reversals of direction in the general trend, moments, that is, of profit-taking or short-covering before the trend resumes again. Some may want to exit a trade at that point, while others, longer term traders, wait for the dailies to confirm.

Did you get in this moring?

TC.


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