Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Judy who wrote (8566)	5/14/1998 12:54:00 AM
From: Robert Graham	Respond to of 42787

A quick look at Schering-Plough. Even though it can go up from here, for a short term play it looks a bit premature. The longer term uptrend of this stock still looks positive even though it did break though its 50 day MA for a couple days which happened a couple weeks ago, but then this was followed up by a good "bounce". This stock has been consolidating for a couple of months. The stock has not broken out of its consolidation range yet. There seems to be buying interest in this stock in evidence that helped the stock on its last bounce its support and other factors like the behavior of the stock's momentum and the intact bullish weekly picture. The weeklies on this are looking strong. I would wait until a convincing breakout from its top where it continues to make new highs. In this way the previous high that is a significant resistance can turn into support. It would be even better waiting until the support or a trendline is confirmed. This of course depends on the timeframe of your trade. But then this market is still in a trading range despite the new high made by the DJIA. IMO it is even premature to make a call on the Dow. Note that I have not looked at the tape of this stock, I am going by the chart. I also have not looked at indicators more appropriate for short duration trades since the web charts are not that flexible. So your shorter term indicators may be telling you this is a good trade to make now. Getting back into the discapline of chart reading. Just my opinions of course. Bob Graham

To: Judy who wrote (8566)	5/14/1998 1:06:00 AM
From: Chris	Respond to of 42787

trade system report for SGP: this is using weekly signals (weekly buy/sell) ie: the system has been 100% profitable in it's signals. long term portfolio dismantled. =============== Total net profit 40990.76 Open position value N/A Percent gain/loss 204.95 Annual percent gain/loss 51.91 Initial investment 20000.00 Interest earned 0.00 Current position Out Date position entered 3/13/98 Buy/Hold profit 83907.09 Days in test 1441 Buy/Hold pct gain/loss 419.54 Annual B/H pct gain/loss 106.27 Total closed trades 10 Commissions paid 240.00 Avg profit per trade 4099.08 Avg Win/Avg Loss ratio N/A Total long trades 10 Total short trades 0 Winning long trades 10 Winning short trades 0 Total winning trades 10 Total losing trades 0 Amount of winning trades 40990.76 Amount of losing trades 0.00 Average win 4099.08 Average loss N/A Largest win 9615.96 Largest loss 0.00 Average length of win 9.70 Average length of loss N/A Longest winning trade 15 Longest losing trade 0 Most consecutive wins 10 Most consecutive losses 0 Total bars out 130 Average length out 11.82 Longest out period 36 System close drawdown 0.00 Profit/Loss index 100.00 System open drawdown -876.65 Reward/Risk index 97.91 Max open trade drawdown -2635.22 Buy/Hold index -51.15