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


To: gregewing who wrote (4265)6/15/2005 3:22:00 PM
From: chowder  Respond to of 13449
 
>>> PRGO, NPSP, and SEAC look very week to me. Feedback? <<<

I agree. They all look weak.

I don't know what your time frame is but, mine is 2-5 days and in this time frame, I prefer to short stocks like those above, when they rise into a declining 20 day moving average. That way I have little risk exposure from a price reversal because if price reverses above the declining 20 dma, I'm out with a small loss.

Shorting too far below the declining 20 dma leaves me too much of a drawdown where the stock may rise and still be in a down trend, but provided me with too much of a loss to make up when short term trading.

dabum