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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (67642)	10/23/1999 9:29:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

You guys are fine.. I know OJ is clever, but as the ways of the clever, they don't boast. I'm trying something new on this weeks newsletter which will be a prototype to the new "Strategies for Earnings Plays and Momentum Plays." The difference from the manual will simply be in giving direct instructions on how to play the strategy instead of showing it after the buy signal has been hit and the trade is closed. Of course that has value as well, but step by step instruction is important. This new "strategies" might be included in the manual after every chapter discussing a strategy but I doubt it. I will be adding candlesticks, and more on Volatility indicators which is a very important 'criteria' for our watch lists but rarely discussed. The newsletter will include a) a trading Strategy, b) A chart of the stock that is highlighted and c) exact instructions on how to trade it including stops, buy stops, trailing stops (Strategy could be anything from our Directional Movement, chart pattern breakout (i.e. triangle breakouts etc, Directional Movement Indicator (our ADX, with moving average and OBV), moving average crossovers, and two new ones I'm working on Volatility Breakouts and Point & Figure breakouts (I'll probably e-mail the latter to O.J. before the newsletter is ready).. if I'm not comfortable with it I'll pass but its incredible how well Point &Figure works with earnings plays and stocks with strong Fundamentals. d) exits only if the market and stock trends down otherwise it would be a good opportunity to learn the importance of 'range trading' in earnings plays. So you might not want to exit a stock that closes 1 or 3 days before earnings come out and it has closed 80% or more of its intraday range etc. Remember this is just a prototype which we will expand upon as a 'Strategies Handbook' to go with the real time trading forum and possibly the regular subscribers who decide to forego the chat room. That hasn't been worked out yet. The strategies handbook will probably not help those that are not subscribers since our trading rules might be slightly more lax for "news" stocks. (news being in most cases a good earning report and the trade being made AFTER the report). But there are others with more experience than I have in the value of certain strategies that might see it otherwise. All I know is that I don't like 'trendy books' with unusual trading strategies and 'formations' that look like a football play strategy. We base our trading on simplicity since its the stock itself that will do the 'moving' and no amount of intricate trading maneuver will propel a dying stock to any heights. I personally don't like chatrooms that have tons of dialogue but no real instruction, guidance so you can trade on your own. I don't even care if after a while you are capable of trading our picks on your own and leave the trading forum, there are always other newbies needing to learn. I just don't believe in spoon feeding, pumping and dumping stocks.