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To: Ray Rueb who wrote (31219)9/25/2002 5:25:01 PM
From: SteeliejimRespond to of 118717
 
Hi Ray, Dale,
I had a nice little quickie on EP. I was a bit early when I bought in yesterday, but I did look at MACD first. The drop was clearly telegraphed by the MACD ski slope down. So was the turn back up. However, the sell off at the end of Tues. was a bit nervewracking (and not obvious from TA signals). I stayed in overnight, and sold this AM with a nice profit. But I missed out on the bulk of the momentum run later in the day.

The way I use ST indicators seems to work best at extremes, not in the middle of runs or at equilibrium. I haven't been doing much trading (none, actually in over a month), but the EP's of the world seem to be really obvious--at least in the very ST.
Jim

Still, I'll take it. EP doesn't seem to be in the category of ENE or DYN, but I think the uncertainty of appeals outcomes and law suits will limit the recovery for awhile.