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To: Tech Master who wrote (13017)3/31/1998 12:57:00 AM
From: Trader X  Respond to of 17305
 
[PTUS]
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We all know that dcb plays are high-risk/high-reward ventures by their very nature, so the fact that one of them doesn't pan out is not surprising to me. Perhaps the next one will.

The truth about dcb's is, they are a rare bird. Nice when they happen, but rare none-the-less. I don't have stats on them, but it seems just out of observation that they actually happen about 10-15% of the time when a stock does a sky-dive routine...usually it's a belly-flop.

Myself, I'm allergic to falling knives--they scare me. Maybe it's because they are chart killers. Wave goodbye to the trendlines, trend channels, support lines, etc... hello number 7 on the roulette wheel...comeon Lady Luck!

X