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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: RFH who wrote (8610)	9/23/1999 11:06:00 AM
From: OldAIMGuy	Respond to of 18928

Hi RFH, Another thing I do is to keep the trade range with the "buy" end below the moving average on the Newport line graphs. Newport's MA is fixed at 26 weeks and generally I've found this to be a pretty good rule of thumb for most stocks. If you look at the CHRZ graph you can see that by having a fatter Buy Resistance, you probably would have waited until the price had dropped below the MA along the way before buying. There have been many times that I've used the 26 week MA as my next buy GTC price. It's usually been with a stock that's gone ballistic and therefore dragged the buy side way above the current MA. You could consider this as adding a smattering of TA to AIM! I like to see all those pretty Buy markers below the MA line!!! Just as nice is to see the Sell markers above it! Best regards, Tom