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

To: Brandon who wrote (291)	4/2/2001 7:20:14 AM
From: Brandon	Read Replies (1) \| Respond to of 336

Final post of the morning as I get my morning prep work done. We are proud to announce the addition of David Bush to our team at Teachmetotrade.com We have been talking with David since January about bringing him in as a partner and today will be his first day with us. As a partner at TMTT he will co-edit our newsletters, co-moderate the chatroom and provide web site content. Prior to joining TMTT Dave served in a number of functions at Pristine.com, including Chief Editor of the Pristine Daytrader. We are excited to have Dave as part of our team. Brandon

To: Brandon who wrote (291)	4/5/2001 9:06:27 PM
From: Eric P	Read Replies (2) \| Respond to of 336

Brandon, I was just catching up on my SI reading and came across your post: Wide Range Day Buy Set-up 1) An uptrending stock that has pulled back for 2 to 4 days. 2) We want to see a day in which the range is substantially larger then is "normal" for a particular stock. 3) We want a stock which essentially opens at he high, sells off all day and closes at or very near the low. Wide Range Day Buy Set-up Actions 1)The first action assumes the stock opens lower then the prior days low. At this point we set an alert 1/8 above the prior days low. If price is broken we will look to go long. Our stop is placed 5/16 below the low of the current day. 2)The second action assumes the stock gaps up from the prior days closing price. If this occurs we wait 30 minutes and take note of the high achieved in this period. Should the stock trade above this high at some point during the day we will look to go long. It caught my attention because I had just finished programming these strategies (named the (1)Gap and Reverse Buy and (2)Extension Reversal Buy setups) into the TradeSeeker scanning and alerting software. Good to know that they will have an audience. What are your recommended stop locations for these setups? -Eric P.S. I've also programmed the reverse signals for shorting. More information on the TradeSeeker software will be available on the TeachMeToTrade website in the next two weeks. The product is only available in beta form until sometime next week.