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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (5280)	2/24/2005 11:11:25 PM
From: rchlrvn	Respond to of 8752

Reid==Thx for the insight. FWHT downtrend hit 52L today. Just the 52L might spark more selloff. My timeframe is usually short. So any playable short term rebound is what I'm looking for. Usually I try to pick entry using stochastics if entering these situations. Sometimes right, sometimes find myself on opposite side of "trend is your friend" since such trades are counter to strong short-term downdraft and heavy institutional bailing. More and better use of candlesticks probably would help. So would not being hasty to enter, which I haven't FWHT. Diving in near today's low and holding until near closing would have worked. However, diving can result in drowning.....