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

To: LastShadow who wrote (709)	9/28/1998 12:00:00 PM
From: Optim	Read Replies (1) \| Respond to of 43080

Last, Going back to your post about what we would like to see in the thread, I wonder if you could offer some advice on how to screen through a bunch of tickers for possible candidates. Do you manually go through your list of tickers or run some sort of TA screen in a charting package? Also, what do you consider to be the most fundamental concepts in TA? I have been trying to learn the basics of trendlines, moving averages and simple chart patterns (head and shoulders, gaps, reversals), but am finding it difficult to weigh them each into a final descision. Thanks, Optim

To: LastShadow who wrote (709)	9/28/1998 12:44:00 PM
From: LastShadow	Respond to of 43080

About Gaps One thing I wanted to mention due to some of the messages I am getting is to explain something fundamental asbout playing gaps. If the stock price doesn't exceed the high or low stops, you don't want it. you only want entry if the stock is continuing up or retracing to the previos lows. Otherwise you have just bought a stock at its worst price locally. ls

To: LastShadow who wrote (709)	9/28/1998 12:44:00 PM
From: LastShadow	Respond to of 43080

BTW, thanks for all the get well wishes. ls

To: LastShadow who wrote (709)	9/28/1998 9:58:00 PM
From: NewKit	Read Replies (1) \| Respond to of 43080

LS, How about a discussion on STOP order? Thanks for your input on ADPT, DCLK and NSCP. All are on target! How many years have you been in this "business" to be so "accurate"? You must be making a lot of $$$$$$ :-) I'm thinking is it wise for one to set STOP order at next (or major) support/resistance if one is unable to follow the market? Last Friday I saw MM run stop sell of GCTY to -4 pts at market open only to recovery within an hour! I'm just wondering, at market open, if there isn't any buy or sell order but there are stop sell and stop buy order at (say) 15% away from yesterday close, will MM dive all the way down to buy all the stop sell or jump up to short all the stop buy? May be this will only happen to those low volume stocks. Are you in favour of physical STOP or mental STOP? If one unable to follow the market, how should he set the STOP?