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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Hawk who wrote (5800)	2/5/1998 12:17:00 PM
From: Chris	Respond to of 42787

not sure yet.. i was about to jump in yesterday, but then i was too emotionally unready and unprepared.. (takes a lot of guts to push that button) <g> just kidding. but i need to do more research.. but i think around 30.5 .. nothing set yet.. will watch to see how much this mkt will pullback.. i plan to add more shares to all my holdings after mkt pullback.. 2 part buy..

To: Hawk who wrote (5800)	2/5/1998 12:19:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

I bought my txn too high up.. i bought it when it was close to the top trendline channel.. right now , it's on pullback and im down a little.. entry is extremely crucial.. exit is also important, but your entry will determine your success of the trade..

To: Hawk who wrote (5800)	2/8/1998 12:14:00 PM
From: Chris	Respond to of 42787

BAY: hi hawk.. let's start with bay and take a look: let's take you through a complete analysis that i do everytime i analyze a chart. first, i open the chart. cbs.marketwatch.com =========================== select 50 day simple moving avg select macd default select rsi 14 select money flow 14 =========================== that above is looking at the daily chart view.. let's start.. 1) i check the support and resistance and see where it stands. i see some support at 30.xxxx This is gathered from the fact if you draw a perfectly horizontal line touching the highs of late november and early december and also the highs of mid january. now, i admit the 30.xxx isn't that most optimal position for this support b/c during late november there was spikes above the 30.xxx. so, it's also fair to conclude that support is roughly between 30.00-31.00.. not as clear cut eh?? 2) always make sure you're above 50 day dma. we chk the chart, and we cleared it one week ago.. so that's good. why is 50 ma so important? well, 1) that is my automatic sell if goes below it. 2) it's a widely used support area.. 50 and 200 are widely used. 3) 50 ma example: look at late october when bay tried to conquer the 50 day at 36.xxx 50 day ma is not only a strong support, but also a strong resistance.. thus i never buy unless above 50 day.. as you can see around late oct 1997, it failed to penetrate 50 day ma.. acutally, that was when the mkt crash occured ... 4) i have a fork drawn for BAY.. follow along.. a fork is constructed using 3 points. the first 2 points use the high and low of the previous rally points. so, the nearest one i see is : high: 1/20/98 @ 29.7xxx low: 1/27/98 @ 25.74. then you have a 3rd bisecting point. this point is seen at 1/12/98 @ 24.14.. there, you have an andrew pitchfork drawn.. that in fact is my trend channel.. analysis continued in next post