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

To: T-Lo Greens who wrote (3190)	4/6/2005 6:54:41 PM
From: kodiak_bull	Respond to of 13449

Tony, More power to you, but I would prefer to take a trend and trade with it. That is, trade a 3-5 bar pullback to the upside. If you look back to March 8 you would have seen a pullback that might have been traded against the trend. Those who got out on March 10-11 made profits. Those who waited until March 12 got caught in a gap squeeze that can't have been fun. Good luck. Kb

To: T-Lo Greens who wrote (3190)	4/7/2005 6:27:23 PM
From: chowder	Read Replies (2) \| Respond to of 13449

>>> yes I'm looking to short the pullback, for a 3-5% move downwards. Stock has gotten overextended, and I think around $58 is where I'd look to cover. Long term chart still looks good to me. My time frame is 2-3 days so I'm very short term. <<< Tony, One of the hardest things to do is to provide an analysis without knowing the other person's goals and objectives. When I provide an analysis for a company like HANS, the first thing I look at is the trend. If the stock is in an uptrend, I'm not interested in playing short term pull backs. I'm more interested in buying 3-5 bar drops. It is the higher probability play. However, I can't play a 3-5 bar drop off a recent price high unless the price drops. So, is there an opportunity to play the short side, anticipating that drop? I think there is but, your timing must be nearly perfect, more so than some of the other buy and sell set ups that I use to enter and exit a stock. With the time frame you have in mind, and the awareness of where the price sits with regard to the trend, then yes, there might be a play with HANS over the next 2-3 days for someone wanting to play the short side. It's a little more risky but the stock has to pull back at some point to generate more buying enthusiasm. Just because I would rather play the dip, looking to go long, doesn't mean that's the only play. The dip will come and those who are disciplined enough to trade the short term dips, may time it right. I wish you well my friend. I hope it works out for you. See if you can take it down to the 20 dma for me please. I think it's good for a short term trade to the upside at that point, absent any market moving news between now and then. Money flows are very strong but MACD, which measures the trend, is weakening. You just might see your 2-3 day drop. stockcharts.com[h,a]daclyiay[d20050107,20050407][pb50!b20!f][vc60][iut!La12,26,9!Lc20]&pref=G dabum