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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: TechTrader42 who wrote (31021)2/28/2002 7:45:33 PM
From: fozz  Respond to of 52237
 
Hmmm, I'd say closer to 66... -ggg-

stockcharts.com[e,a]dacayiay[d20010222,20020228][pb50!b200!f][vc60][iub14!uc20!la12,26,9!lp14,3,3!ll14][j3311151,y]&listNum=1



To: TechTrader42 who wrote (31021)2/28/2002 10:58:12 PM
From: John Pitera  Read Replies (2) | Respond to of 52237
 
SII still has good momentum on it's RSI and has not really done any price momentum diverging yet. I know it's had a big move, but I'd say it probably getting into the low 70's prior to a bigger pullback.

stockcharts.com[e,a]dacayiay[d20010222,20020228][pb50!b200!f][vc60][iub14!uc20!la12,26,9!lp14,3,3!ll14][j3311151,y]&listNum=1



To: TechTrader42 who wrote (31021)3/22/2002 10:38:35 AM
From: John Pitera  Read Replies (1) | Respond to of 52237
 
Brook, check out this chart on SII
stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

SII made a nice momentum divergence 3 days ago or so when it reached 70. see how the RSI how was quite a bit lower than the very high RSI reading the last week of Feb and early March; yet we had a higher high on the price chart.

This is all I was saying, is that on a positioning basis I would not have shorted the stock when it had the very high momentum readings and now divergence. Instead the higher probability shorting time was when the momentum divergence had occurred.

Interestingly, SII made it up to 70, basically to my target window I had suggested we might hit prior to a bigger pullback.

Message 17132582

To be fair, I think you were talking about a trade that was shorter term in nature more of a day or two scalping trade.

John