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

To: Albert Levulis who wrote (17533)	5/25/1998 2:43:00 AM
From: Doug R	Respond to of 79273

Albert, HD is a very nice stock. It's doubled over the last year. Very nice. Do you think a better time to buy it would be at the bottom of a market correction? I see it took 9 weeks to fully recover from the Oct. '97 correction and is up 40% since. At the time, I was in a little guy...APCO. It made a new high on 10/27 and went on to more than double in the same period. It's pulled back quite a bit lately even though it was making new highs. GTAX was a favorite of the thread from a price of 8 in Dec '97. It's nearly tripled since then. All it's ever done is make new highs just as APCO had. ACRT was also the same type of stock that just kept going higher. I see DELL is having trouble after making new highs. AOL is a good one to short here too. Now although HD is a very nice stock, don't you think it would make more sense to get in after a market correction? The TA work done by some on the thread has pointed to one nearby. Is a new high in a stock your best timing criteria? It seems that after each new high on HD there is an 8% or more pullback. I think buying at the bottom of a profit taking engendered pullback would be wiser than hauling off and buying at a short term peak. Don't you agree Albert? Oh, another thing about the picks on this thread, They're ALL free and when we see a really good one, we all pretty well know it. AND they double faster than 1 year like AKRN since Feb. or TRBDF since April. AEOS and THNK were also stressed as great opportunities here along with AILP and EGPT. Right now I like GPI and GTA alot. On my list of stocks with bullish formations on the right edge of the chart are F, FON, FILE and others at or very near all time highs. Still others here have just completed a pattern I found that precedes a beaten down stock's return to all time highs. Now those are really my favorites for the long term. Then of course there are overall market conditions to consider. At this time trading PGDCEB's and shorting IL violators and other overextended stocks is more prudent than chasing new alltime highs IMO. Thank you for the solicitation to your site though. Doug R