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To: Skycat who wrote (16006)12/28/2000 12:10:55 PM
From: Jeff  Read Replies (1) | Respond to of 19297
 
yes......if RRRR was at 2.80 and the hit at 3.00....thats a near perfect set-up if that hits while you are watching you will likely be in at the very beginning of a trend change up......

but with the price at 2.00......hit at 3.00......if it pops to 3.25.....all the buyers in under 2.00 will be likely sellers and may stall the run...then you count 3-5-8.....so if days 1 and 2 after the hit are down.....day 3 should be up......so you buy at the end of day 2........and if day three is indeed up.......watch for a flat day 4.....then up day 5 day again......if day 5 is down.....bail and run.....the run is over......roll!!!

that counting system is only used on far out sar hits......thats doesn't apply to those within 10% or so......

plus overall market conditions can effect results.....so don't trade with blinders on.....