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

To: MJ who wrote (7587)	4/8/2005 8:55:45 PM
From: Vendit™	Respond to of 8752

You have two strategies to consider, the one that you use will depend on how Monday’s market opens. The first one is the buy off candle support. The simply means that a re-test if ½ of the previous day’s session range will occur on the following day. The math in this case is the high and the low of today divided by 2. That number is 4.70 so 4.70 would be the optimal entry or say 4.75…just to beat the boys to the punch. The second strategy would be used if the market started off very bullish. If so then you just place an order equal to the close of today’s close and let the stock move up. Don’t forget to use a stop loss in either case. Lastly, watch the futures market in pre-market trading and if the futures are trading down more than 12 points, just sit on your hands for the first 15 minutes after the market open to see if it tanks or if we have a head fake and a bull rally.