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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: bazan who wrote (16979)5/15/1998 9:21:00 AM
From: ivan solotaroff  Respond to of 79354
 
Bazan:

Don't be overly harsh on yourself. Treating high-flyers is one of the harder tasks.
You can always sell right into the gap-up, guaranteeing yourself at least that much.
Better, you can put stops above or below the open--GTC or stop-loss orders--thus take the matter out of your own hands. Those hands are then free to be placed behind your head as you lean back, put your feet up, crack a cold one, and enjoy the ride.
Or some such strategy.

Ivan



To: bazan who wrote (16979)5/15/1998 9:22:00 AM
From: Magnatizer  Respond to of 79354
 
bazan

watch intraday charts with bollinger bands. If the stock gaps up in the morning through a upper BB then it is most likely going to come back down. If you do not have real time charts you can estimate pretty well on a gapper. I prefer 15 minute charts for the first hour of trading then I use 30 minute. Some stocks keep running on through BBs but they are very rare and are usually driven by more than straight technicals.

ht
david