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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: profile_14 who wrote (353)	11/11/2004 3:39:17 PM
From: chowder	Respond to of 13449

I understand what you are saying and I see what you see. The key, as you said is, which way does it break? Everything I have learned has told me not to anticipate the move with a single strategy. It's akin to flipping a coin. In anticipating moves, one must pick a point on the chart where the signals will be confirmed, one way or the other. In order to do this, another day or two of watching is necessary. If you think the price is going to break your way, place a sell stop order. That way, if the price breaks down to your target price, the trade kicks in. Buying now, in anticipation of the move, may work out but it isn't the type of strategy that brings consistent results. It's all a matter of timing, unless you know of something that will change the fundamentals. dabum