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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: catflu2™ who wrote (37004)	12/13/2008 4:36:58 PM
From: Turbodiesel	Read Replies (1) \| Respond to of 207919

well, let me say this: I bought FAZ this week and paniced when the market opened down big. I bought in @ 38.82 on 12/09 I was looking at the 36 area. Not wanting to lose out on a good trade, I bought it at 38.81. Then the markets recovered, as we all know and I was under water. So, I bought a little more at 36.21, bring the average price to 38.22 Anyhow, I sold it all late Thursday, 12/11, at 48.15 So the profit was, what, 26%...? I'm looking for double digit gains. I watch a few indicators, rsi, sto, and whatnot, that I believe will get me in and out at profitable levels. I also take into consideration, gaps, fibs, EW, and general market conditions and sentiment as well. Works for me.... :~)