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


To: cheryl122 who wrote (6976)5/10/2000 12:14:00 PM
From: Dr. Stoxx  Read Replies (2) | Respond to of 39683
 
Hi Cheryl,

Yes, hourlies. Do you have RT charts? You'll need them.

Right now, BVSN and DIGL (the two we have real money in) are getting a bit overextended. Though BVSN on today's action broke support, so I think it will see further weakness before it turns around. LCOS has just signalled short (at 49.375...I got it a bit late at 49), so that is probably the safest play. Having said that, LCOS has not been trading as well as the other two.

Certainly do nothing now until the next signal if you want to trade BVSN or DIGL. It'll come along in a day or two. And since both are in a downtrend, you might want to wait until the next SHORT signal.

Just some thoughts...you are on your own otherwise! Good luck, TC.