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


To: Caroline who wrote (2418)12/10/1998 9:30:00 AM
From: Ken Adams  Read Replies (2) | Respond to of 39683
 
Hi CB,

Here's an observation I think I've concluded should perhaps be part of the "buy" consideration. In looking over several dozen, maybe even a hundred charts this past week, most of the buy sigs didn't produce satisfactory gains unless they came at a time when price was already above the 200d MA.

I know you can point to exceptions, but for the most part, the better moves happened after this circumstance. I think I'll incorporate this requirement into my scans and see what results. FWIW.

Ken