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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?


To: Esteban who wrote (852)12/3/1997 7:50:00 PM
From: ftth  Read Replies (2) | Respond to of 1589
 
So who's up for looking at candles with regard to picking
some short (or put buying) candidates. Remember that just because a stock looks attractive to someone from a short perspective, it doesn't mean you should get all defensive if it happens to be one you're long in. It's nothing personal. Time frame and investment objective are the keys here. There are plenty of stocks that currently look attractive from the short side that I was long and happy with earlier this year (and that I may again be long in at a later date). Shorting is just another tool in the arsenal of investment weapons that rounds out a complete asset allocation strategy. If you can do it successfully and (relatively) unemotionally, it's another way to supplement a market-beating strategy since buy-and-hold is either losing money or going nowhere in a market consolidation or downturn. I'll post some candidates later, after I've downloaded and screened todays data.

dh