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

To: Jerry Olson who wrote (39282)	8/29/2002 8:41:54 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 52237

hummm .. do you intend to be long over the long weekend? tia

To: Jerry Olson who wrote (39282)	8/29/2002 10:14:05 AM
From: Andrew Cooke	Read Replies (1) \| Respond to of 52237

OJ - why did you choose PnF? I have been trying to educate myself re: same. Any particular system/methodology recommendations or tips? Thank you.

To: Jerry Olson who wrote (39282)	8/29/2002 12:46:34 PM
From: Mike Learner	Read Replies (1) \| Respond to of 52237

Hi OJ, From what I have learned is that once a wedge breaks to the downside, two things can happen: 1) a quick bounce back to the lower line of the wedge representing resistance level that used to be support level and 2) moving down fast. It seems any bounce back up now can be seen as flirting with the resistance level, first alternative. If it gets back to the inside of the wedge again, time is needed to see which direction wants to dominate. I respect your trading and your professional system, however, other readers that they may not post here should be aware of damage of buying dips of a bear market. We have not yet established long term up trend to be confident to buy dips, IMO. Selling or sitting out in a bear market still is safer than buying . Regards, Mike