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Strategies & Market Trends : You buy a stock. It goes down, now what? -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (72)	7/11/1998 8:58:00 AM
From: Wayners	Read Replies (1) \| Respond to of 112

Just out of reach would be outside the price of yesterday's bollinger bands, using a 12 day moving average/bollinger bands and 2 standard deviations. If I was day trading, I'd put the stop limit outside a 12 30 minute bar moving average/bollinger band and 2 standard deviations. Another way to do it is to look for chart formations that result in pinched bollinger bands. Look for pennants, wedges and triangles and place the stop limit orders outside the reach of the resistance of the pennnants, wedges and triangles. Add in a slight factor of safety above the resistance trendlines, like 1/2%.