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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (67162)	2/21/2003 10:49:55 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

Time to break out that Hillbilly music bro<g>

To: bcrafty who wrote (67162)	2/21/2003 11:03:45 PM
From: byhiselo	Respond to of 209892

my take on EBAY, SYMC and other strong stocks is its much easier and more profitable to long them off whatever low the market puts in than to try and game a significant correction EBAY...expensive, with p/s of 20? hell yes! but don't sense any real competition and its got the brand mindshare SYMC...p/s of 5 vs. MSFT p/s of 8 vs. ORCL p/s of 7 i've tried the short side on such stocks and unless the time is exquisite, been left missing some capital until the rules of the market change, best to follow 'em -g cheers

To: bcrafty who wrote (67162)	2/22/2003 1:44:49 AM
From: byhiselo	Respond to of 209892

civil and articulate post...you get religion of mean ms market or sumfin' ? if war were only so...cheers

To: bcrafty who wrote (67162)	2/22/2003 2:15:05 AM
From: nspolar	Read Replies (1) \| Respond to of 209892

Don't disagree, unfortunately waiting for confirmation in many cases can leave a lot of profits on the table. This is really true in gold stocks. Other times it can save your bacon. Somewhat of a dichotomy. The best crossover signals I have found in a more LT sense are the PPO and slow stochs. I have back tested several times and don't know that I have ever seen this combination fail. Discovered via a board tip somewhere. Ebay 'appears' all but ready to cross. I look at the rate of change of the height of the sticks on the ppo, and if what is going on is too my liking, I often anticipate. Ebay chart demonstrates all of these points very well. stockcharts.com[h,a]waclyyay[pc5!b8][vc60][iLe12,26,9!Lh14,3]&pref=G If I anticipate and am correct, as I hope to be in Ebay, I pile it on. And that is my plan here. Imo if Ebay crosses over, as I assume it well, it is a long trip down. When said crossovers occur above 80 on the slow stoch and at a relative high PPO, the trip down is usually a fairly long one. It is yet to be determined but there could many more Ebay put contracts in store for me.