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

To: TheSlowLane who wrote (12117)	4/18/2007 3:16:26 PM
From: chowder	Read Replies (1) \| Respond to of 13449

Re: UPC.V ... >>> Any thoughts on when to take profits? <<< The Momentum Bands for UPC.V are rising in a northeasterly direction, with price above the upper band. As long as price continues to close above the upper rising band, you have upside momentum with pricing. You stick with the trade as long as the momentum continues. When price closes below the upper band, sell all or part of your position to lock in profits near the high. Sell the remaining position when price closes either below the middle band or the lower band, your choice based on how much room you want to give price and still be able to stay in the trade. When price closes below the lower band, it's time to go. You will have lost that upside momentum by then. If the weekly bands give you too much room, use the bands on a daily chart and apply the same way.