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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (1325)9/30/1998 8:38:00 PM
From: Mike Learner  Read Replies (1) | Respond to of 39683
 
Thomas, most likely, SPLS moved up on "Window Dressing" reason -- Last day for fund managers to move around their stocks for this quarter. An analyst mentioned that SPLS was safe bet today on a down day market because of its earning feasibility!!! Let's study its chart to see if it is good to short it <g>! Many retailers were down today.

BTW, today was "Window Breaking" day rather than "Window Dressing" day <ggg>; Art, the WS floor representative for CNBC mentioned it.

It appears you are attached to SPLS since you have successfully made money from its trading! NEVER FALL IN LOVE WITH ANY STOCK -- I have paid for it, badly! As a family member of BTTT, I may remind you to stick with the system. Let chart tell you what to do!

Also, could you explain the following patterns: flags, triangles, channels, zig-zag corrections (lightening bolts), and channel trend lines in your terms so we all can have the same understanding.

Regards,

Mike Learner




To: Dr. Stoxx who wrote (1325)10/1/1998 9:58:00 AM
From: Mike Learner  Read Replies (1) | Respond to of 39683
 
HI Thomas, CSCO broke its pattern yesterday and today; it should be watched. If it does not get good rebound, the chart indicates much lower levels.

Re UAL; Now, I see my own weakness again (happened with KO) for taking
my profits too soon! This is posted on my computer now: "Let Chart tells me when to cover or sell."

Regards,

Mike Learner



To: Dr. Stoxx who wrote (1325)10/1/1998 1:56:00 PM
From: Reg  Read Replies (3) | Respond to of 39683
 
Hello Thomas
I have been lurking for some time now. I am very impressed with your
thread and the obvious respect your fellow threadsters have for you and BTT. What I was hoping was that you or one of the threadsters, would give me there opinion on a book named Technical Analysis of Stock Trends. I am intrigued with TA and would like to get my schooling started ASAP. Any input would be greatly appreciated , as I hope one day I to will become a active part of your thread.

Thanks
Reg