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

To: Berney who wrote (5869)	12/19/1999 2:51:00 PM
From: Dr. Stoxx	Respond to of 39683

Cheers, Berney, and welcome to the thread. Please feel free to contribute anytime. How BTTT stocks are chosen: 1) stock must be in a significant trend, either up or down (can be measured by MACD...see Clearstation.com for this...or simply drawing trendlines...higher lows/lower highs over 3 months is enough for me to call it a trend) 2) stock must have sold off/rallied to support/resistance, usually measured by the 40MA, but can also be a channel line or some other price pattern (50% retracement, e.g.) 3) 14-period Stochastics must confirm an end to the correction with a "classic" signal (%K crosses %D from above/below 75/25) or a "mini-classic" signal (at or near 50) I also play pure price pattern breakouts on volume, and occasionally trade on news alone (though this is less successful). TC.