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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (588)	12/21/2000 8:54:15 PM
From: bobby is sleepless in seattle	Read Replies (3) \| Respond to of 5732

BEAS.. susan did a great job of explaining... my friend, you sold at the optimal time, failure to move beyond the high at second attempt, way to go!...Selling at 65 would have made you "one lucky bug".. earlier, i mentioned the compx at 2360, the pivot point for the day as you will see from the daily chart. its significance sets up portential trades later...BEAS topped out at 65, pulled back and failed at 64 to move higher as did the compx at 2410 area...time to close shop and go short!, to be the chameleon...look at the mirror effect of compx/beas... another opportunity presented itself to go long at the end of the day, but failure at 2360 was a signal to close shop or to short once more...all intraday... sites.netscape.net things change from day to day and i have the old chart of beas posted from 12/8 and you'll see a maze of blue lines certainly to make your eyes go batty,,,,but it has a purpose for intraday focus, and the lines are reinforced as the days progress....as you will see with 64...you will see other areas develop, 76 as one example. because we tend to trade beas somewhat in harmony, it's best to get to know it intimately, know how to take off its heels, the dress, slip...well, you get the picture, know what it likes, where and how!...know what supports it, know what it resists... but make sure she pays you after every encounter, don't fall in love with it, and consider yourself a high paid call boy... there are so many ways to slice and dice, the compx and how beas mirrored will not always happen, but the worker beas did exactly that today sites.netscape.net if this is confusing, then throw it aside and find what works for you! good for you Connor!