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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: bdog who wrote (8644)	9/18/1998 6:08:00 PM
From: FishbackJ	Read Replies (2) \| Respond to of 12039

Hi Dale, about your original question, I thought it might be helpful to add that the concept of "relative strength" is important ...along the same lines you mentioned, i.e. if a stock held up well during the correction to date, chances are it'll do well when the overall market pulls out of a downtrend and heads back up. There's an old saying that goes something like, "the first stocks to reach new highs from a 10+% correction will double again over the course of the subsequent bull run"...... I've got a list below of stocks I've been trading in and out of, and these have been very good so far.....Found them with a simple rate of change (momentum) exploration in Metastock explorer, but you can find the same list in any number of ways,(then apply Dave's excellent instruction for entry) Another thing to watch is how these high flyers act once they break out to new highs......believe me, in a true bear market, all breakouts fail ! Here's my current list (some are too extended to buy, but are helpful for watching the health of the general market) Btw, I don't follow utility-type defensive stocks, because they move with bond yields, not with the general market health. anf cpwr lgto qlgc jkhy mnmd neon ntap payx rfmd tan uscs