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

To: Dr. Stoxx who wrote (5487)	11/10/1999 4:50:00 PM
From: Charles Kalb	Read Replies (1) \| Respond to of 39683

Thomas and Ken.......another viewpoint on NETA. NETA has been pretty much confined to a relatively narrow Standard Error channel since mid-April when NETA started a slow recovery from a rather steep decline from a high of nearly 70. The error channel back to 4/20 slopes modestly upwards. The current rally to the upper band of this channel doesn't look that much different than three earlier attempts at breakouts which failed. If the overall trend continues, buy-and-hold will make one money, but the statistically advantageous entry point is when NETA is bottoming at the lower error band, not at the upper band where NETA is close to now. Like the Opera truism "It's not over until The Fat Lady sings", a stock continues to trade in a channel until it meaningfully breaks out of the channel. NETA poked its head above the upper channel band twice since April, both times would have made modestly profitable shorts if one was inclined to trade against the primary trend (which nowadays I personally try to avoid). Charles