Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Christopher who wrote (4383)	11/12/2000 10:46:21 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 8925

"...If a stock breaks out of a chart pattern and its Relative Strength Line compared to S&P 500 also breaks out of a chart pattern at the same time. Would you buy the stock the next day after the breakout? How would you set up the buy in such a case? Would you buy on retracement after the breakout?" Anytime there is a breakout, I never buy it. I always look for failure first. I also don't look at relative strength vs. S&P, since that's a big picture item. I would only buy it on a retracement, when it shows me that old resistance is new support. I would use a buy stop too, rather than just go in there a buy. The market has to prove my scenario correct and take me in with it. Teresa