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


To: chowder who wrote (6006)11/1/2005 11:47:41 AM
From: XiaoYao  Read Replies (1) | Respond to of 13449
 
dabum, why do you think it is time to sell PTF? I also own PTF, and it seems it holds pretty well in the energy down environment, and I know it failed to pass 50MA in last attemp. But why now?

Thanks
XiaoYao



To: chowder who wrote (6006)11/1/2005 1:03:31 PM
From: chowder  Respond to of 13449
 
LEND is showing today what I think is the best way to play stocks that gap up at the open, which I presented in a message prior to the open.

There are 3 scenario's one could apply.

1. Buy immediately.

2. Wait 5 minutes and buy above the 5 minute high.

3. Wait 30 minutes and buy above the 30 minute high.

Personally, I prefer to buy above a 5 minute or 30 minute high. If that was the approach today with LEND, the trade would not have triggered yet.

stockcharts.com[h,a]daclyiay[db][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20!Ld5]&pref=G

dabum