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

To: FLACK who wrote (59385)	5/10/2002 3:47:57 PM
From: stan_hughes	Respond to of 100058

That COMP gap in the 1570s must be made out of pure lodestone

To: FLACK who wrote (59385)	5/10/2002 4:34:12 PM
From: xtahce	Read Replies (1) \| Respond to of 100058

Hmmm... You're going away as well?? Sheesh next week's going to be really interesting! Hope you and your Sweetie have a great trip...enjoy FLACK!

To: FLACK who wrote (59385)	5/12/2002 3:16:09 PM
From: player203	Respond to of 100058

Flack: I read two John Magee’s books and start to trade stock using Chart and Trend. What I found was, in full bull and bear market, we can trade by trend. It is really hard to use trend for stock trading during market reverse period because the trend can not be formed within 2~3 days. Jake Bernstein showed in his book that if stock moved in the same direction in two trading days (all up or all down), he recommended to follow that direction by trading long or short. I do not know whether Mr. Bernstein’s method is correct. It indicates that we need to wait at least two days and then trade with trend. I do not mind to stop trading for two days and wait the trend is built up. What I concern is I may lose the rally or drop during the reverse period. If the reverse period is short, I may be caught by the market. Based on my knowledge, trend trading does not help during the reverse or aging period. What criteria or method is good for trading stock during reverse or adding period? Would please to share with me your experiences? Thanks Player