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Strategies & Market Trends : 99 RS stocks--WATCH THEM FLY HIGHER AND HIGHER -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (102)10/27/1997 10:43:00 AM
From: Cornstock  Read Replies (1) | Respond to of 836
 
Agreed. EOM



To: James Strauss who wrote (102)11/2/1997 12:11:00 AM
From: JKraft  Read Replies (1) | Respond to of 836
 
Jim,

I met one professional investor who shared his IBD strategy. He uses the books that come weekly from IBD and one of the trading software types like Myron and you use. He feels that he gets better runs from stocks that are around 80 - 85 RS as the ones that are 99 could become subject to correction. I, myself, have seen some of them rise and just sort of stand still under tension until they give one way or the other. I guess it may be important to note when the accumulation gets ahead of itself as in the case of RECY when it broke out and kept passing ILs under heavy accumulation. A 99 stock that had to break due to its dizzy heighth!

Joanie