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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: dealmakr who wrote (4777)3/1/1998 7:25:00 AM
From: TATRADER  Respond to of 7396
 
Dave, I learned a lesson on shorting with BFIT....
1) Never short a strong A ranked stock when the intermediate trend of the overall market is up....
2) Only short a stock a short-time after bad news is announced, and when the ADX is moving strongly up...(-D1 would be greater than +D1)

My indicators are showing that momentum is decelerating and that this stock should pull back in the next 3 days to the 25.00 level....Unfortunately, until the overall market turns and heads down, that is the low point I see in this stock for a while....
Regards, Mark

P.S. Ultimate Oscillator is already in bearish divergence with price