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

To: Stephen M. DeMoss who wrote (1174)	8/9/2001 11:35:50 AM
From: HairBall	Read Replies (2) \| Respond to of 1328

Stephen M DeMoss: Projected support/resistance areas are points to watch for possible trade executions, closing a position or initiating a position or both, nothing more nothing less. Most importantly is...will a given support area provide a tradable bounce, follow through is needed for that. I suggest you use trailing stops rather than a resistance point at this time. Initially move your stop up for your CIEN trade just enough to give you a profit. As the trade begins to extend in a profitable direction begin a tailing stop loss point loose at first and as the trade continues to extend in a profitable direction tighten as your profits rise. EDIT: CIEN was/is on my target list, I made a mistake and listed INTC twice. Regards, LG