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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: LastShadow who wrote (366)9/15/1998 8:46:00 AM
From: Susan Saline  Respond to of 43080
 
TREND

The following list is comprised of stocks that had a positive trend before the summer correction.

If history holds true ... these have a good chance of returning to their positive trends.

Please enter them in your neutral net chart reader program ... thanks

techstocks.com

CKSG
FILE
HLYW
JLG
OO
OSU
PPO
ITWO
BEV
BLUD
COMR
ICOS
OZEMY



To: LastShadow who wrote (366)9/15/1998 9:08:00 AM
From: Susan Saline  Respond to of 43080
 
KM 14 1/8

for a position play ... several weeks

risk:reward is good here
risk 12.50
return 20

had a positive trend before the overdone correction.

The last week it bottomed at 12.50

This am calls for a weak opening ... many stocks will gap down ... KM will probably be among those that gap down a little. If the market shows signs that it will be rebounding ... this will allow good entry in KM

Watch for entry at/about 9:45 ... 13 5/8 to 13 7/8 (tentative buy target) ... as it rebounds quickly after the morning profit taking.

disclaimer ... currently holding at 12 9/16

Sue

ps. all bets off if the market does a tankola



To: LastShadow who wrote (366)9/15/1998 10:48:00 AM
From: Jay Lyons  Read Replies (1) | Respond to of 43080
 
Morning Gaps:

None of the stocks I follow closely had clear gaps today. The following nets did gap down, but I haven't traded any of them since the spring (which is why I have enough money to play this game!)

AMZN buy 74 7/8 short 70 1/4
LCOS buy 24 1/8 short 23 1/8
XCIT buy 26 1/8 short 25

Others on this thread:

Please...if you pay any attention to my numbers at all, use them to learn from, not to trade on.

Jay



To: LastShadow who wrote (366)9/15/1998 11:55:00 PM
From: Nazbuster  Read Replies (1) | Respond to of 43080
 
Lastshadow,

Regarding gap strategies... I must have missed the original discussions... can you point me to the beginning? I'd really like to understand how to play gaps but have not seen a coherent explanation yet.

My basic reading (Elder) describes several types of gaps, some with expectations of continued directional movement, others expecting a reversal. Can you relate this to trading techniques at open or end of day?



To: LastShadow who wrote (366)9/16/1998 1:22:00 AM
From: Tai Jin  Respond to of 43080
 
MSPG

Correct me if I'm wrong, but I don't think an ascending triangle is meaningful in a downtrend. It is also near the apex and still no sign of increasing volume. Stochastics are also near a peak. IMHO, I would expect it to break down if it doesn't clear 37 with higher volume.

...tai