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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: ivan solotaroff who wrote (9532)12/21/1997 1:07:00 PM
From: Doug R  Read Replies (3) | Respond to of 79383
 
Ivan,

I have some indications that TRKN is ready for some acceleration very soon (very, very soon).

Doug R



To: ivan solotaroff who wrote (9532)12/21/1997 6:35:00 PM
From: Esteban  Read Replies (1) | Respond to of 79383
 
Ivan,

Re:All I was saying was that there was essentially no real action on the day but you took a roller-coaster ride anyway. I said that in re my previous posts about respecting risk and making sure that you don't get into a stock too early.

Thanks for the clarification. I wasn't putting your point in the context of our previous discussion about next day entry. I thought you were stretching the stop loss point, which I think is very dangerous. When the signal days fail to produce a good rally starting that day or the next, often it's back to free fall and monitoring for a new signal. Playing with fire on the stop loss point didn't jibe in my mind with your strict risk control mindset.

Next day entry would have paid off this time, avoiding a small loss. I'm not going to chase SGI. I'll just wait for another valid signal. I'll be surprised if it's be from SGI though.

Esteban