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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: IsaacF1 who wrote (1493)5/14/1998 10:09:00 AM
From: Magnatizer  Read Replies (2) | Respond to of 13094
 
Looks like we are off on our timing. look at post 1492. I will be setting tight stops. Using 30 minute chart with BBs I will be setting mental stops at 1/8th below the moving average. I think AILP needs to touch 4.75 again before it can be set free. It may just keep trucking according to the technicals which are very strong and not overbought. The 4.75 area may take a week or more to come back to, just be careful

ht
david



To: IsaacF1 who wrote (1493)5/14/1998 12:35:00 PM
From: Magnatizer  Read Replies (2) | Respond to of 13094
 
F1

One more thought on AILP. A buy order at 4 3/4 would not be wise. The best play would be to see how it reacts to 4 3/4 if it gets there. It may very well dip below which would create an even better buying opp. Magnets are not resistance levels as such. rather they simply attract the stock to a given area. Many times stocks will go through magnet areas only to rebound back below or above but the magnet area is strong in its attraction.


ht
david