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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lynn Goodman who wrote (30919)	9/24/2000 9:58:22 PM
From: Casaubon	Read Replies (1) \| Respond to of 42787

IMO, the proper entry into NTAP would have been on 7/12 towards the end of the day. Unfortunately, based on O'Niels rules, one would have been shaken out on 8/02. Higher reentry could have been attempted on 8/17. I probably would not look for higher entries after that. So, I guess I can't always count on buying in the afternoon. one example is NTAP's recent explosion. I don't think 9/22 offered a proper entry point, IMO. Just because they move up on big volume does not mean it is time to enter. The idea is to enter off a proper base, as price moves up on higher volume. Other than that, he espouses holding until sell criteria are established. In the case above, I have outlined that one would have been shaken out of the initial position but reestablished at a higher price with a deficit of 8% upon reinitiation. So, yes, volatility would have worked against you here. The flip side of that is was O'Niel refers to as insurance. The rules would have kept you out of the game with 92% of your capital had the markets continued down. The idea is to take losses quickly and profits slowly. If your entries are correctly timed, you will make money over time, and be in cash when the markets really correct.

To: Lynn Goodman who wrote (30919)	9/25/2000 6:53:07 AM
From: Doo	Read Replies (1) \| Respond to of 42787

Lynn, How many distribution days did you count before the September sell off? What is your CANSLIM "M" read at this point? Pivot point buy or no, why would you buy SEBL or BEAS after only a reversal low if you are following the "M" in CANSLIM? ""BTW, I have O'Neill type buys in on SEBL (earlier last week @101.625) and BEAS (limit order for tomorrow). The volume on SEBL has not been what I would have hoped, but maybe this week, and BEAS is what you might call an informed gamble <g>. We'll see. Any advice or hints re learning more about charting and specifically about volume charting would be greatly appreciated. One thing O'Neill really has convinced me of is to follow the volume. Thanks, Lynn "" Jeff (who prefers to call the method "MANSLIC")