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

To: TechTrader42 who wrote (34692)	4/23/2002 4:37:56 PM
From: Monty Lenard	Respond to of 52237

Sometimes, when support is penetrated like that, there's a short bounce followed by more trouble. Brooke, you have warned me on that one a couple of times lately and I ignored it to my expense. I don't like the BB's turned down either but as you well know in this market lately it could be up 50 tomorrow? Those are the kind of formations that I said are not dependable now. Anyother time and you could book it that the security would go down tomorrow. When one does that it is not worth the risk in my mind. Not to beat the SBC setup to death but it was a very very very low risk trade. It was as perfect as it gets. One did not even have to think... just place the order. When I have to think about it rather than react I usually don't do as well as one that I just look at and say ..."That is a trade!" Monty