Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Sojourner Smith who wrote (17023)	9/4/2002 9:06:27 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 17639

SS, P&F has a set of rules and I have a set of rules. I like to point that out right up front. I do not necessarily follow the traditional P&F rules and I also use other types of charts and indicators. The answer to your question is "it depends". I often don't wait for an official signal to enter a position. I may just look for topping or bottoming action and try to hit near the high or the low. Of course, this adds risk because no signal has been given yet. I also like to buy on support and sell on resistance. That means that I may not react quickly to a signal or actually may jump in long before a signal is given. It also depends on which direction I am trading. In a bear market, I'll react very quickly to topping action and sell signals, but will drag my feet on bottoming action and buy signals. The opposite is true of bull markets. If you have specific examples, I will be more than happy to walk you through my lines of thought.