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To: Chris who wrote (5220)1/27/1998 4:08:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 42787
 
here is Judy's take on the 200 dma..on the Idea thread..

First bounce off the 200-day ema is usually reliable for strong stocks, after the bad
news subside. Scalp it on the long side when buy volume returns. Second bounce off
the 200-day ema is medium risk, often tradeable since institutions take time to
distribute. Third or more rebounds off the 200-day ema ... only idiots take this risk


What do you think of this idea about not trading if it bounces three or more rebounds....there is an idea around that this would show strength...



To: Chris who wrote (5220)1/27/1998 4:37:00 PM
From: Debra Orlow  Respond to of 42787
 
Chris, check out the action in RACE today, low of 2 1/8.