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

To: chowder who wrote (11803)	4/2/2007 1:15:36 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 13449

Hi dabum, I bought a laggard today in CLS @ $6.30. I am looking to fill the gap by the sudden collapse of CLS at the end of January this year. I use a couple of indicators, but most of my reasons for buying are related to price + volume. (FWIW, moneyflow suggests stock is under accumalation, but I have no way to verify that)If the trade reverses on me, hopefully I will be out on the 52 week low ($5.78). Which means I will be risking a loss of 8% for a gain of roughly 23% The far left of this monthly chart suggest that the bottom has been put in. BWTHDIK! I remember playing Enron & as you have eloquently stated, it is a fool's game to catch falling knives. I'm not sure that this fits your parameter in the thread header.

To: chowder who wrote (11803)	4/7/2007 8:55:53 PM
From: chowder	Read Replies (2) \| Respond to of 13449

FOOD FOR THOUGHT ... Wealth vs. Income ................... In the game of poker, it's very unlikely that you will win every big pot. The champions of poker are very good at taking the antes and blinds. They win a lot of small pots in order to have the chips to play in the big pots. If you don't have the chips, and you lose a big pot, you've basically given up any good chance of winning. It's the same thing in the stock market. In the stock market, there are Wealth Building trades (the big pot), and then there are Income Building trades (the antes and blinds). There are many more Income Building set ups each week than there are Wealth Building set ups. So, the professional trader takes what the market will provide. The professional trader knows that they must win their share of the small pots to have the chips to play the big ones. Here's an example of an Income Building trade. ISIL is coming off a Stage 4 down trend. It has been building a nice base from which to launch the next leg up. However, there is still a lot of overhead supply waiting to come to market. I see a supply void between here and there. Looking to capture a 50 cents to $1 price move, take the profits and run. Entry $27.18, stop $26.35. It's these short term set ups, when successful, that can really add some chips to your pile. They allow you to take advantage of short term swings in the market environment. The professional trader tries to build their portfolio with a nice balance between Wealth Building trades and Income Building trades. When the market isn't trending higher, it's often the Income Building trades that will carry the portfolio. It's how you profit in a Bull or Bear market. Just some Food For Thought. (This message is linked to other FOOD FOR THOUGHT messages. Just follow the links.)