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

To: Caroline who wrote (2424)	12/12/1998 1:11:00 PM
From: Ken Adams	Respond to of 39683

CB, Thanks for the comments. I pretty much agree with your assessment of these. None really fit the BTTT concept and I probably shouldn't have taken space on the thread for them. ADPT was halted for a while in late summer. I remember reading about it in IBD, but don't remember the reason. As with most of my trades, I try to scalp about 10% on each one. I wasn't able to get anywhere near that this fall. In fact, I lost on more than I won, but, with the market firming in October, the 10% trades were there again. However, I have a family matter (aging parents) going on that is a major distraction and haven't really been doing much trading. Regarding your comment about a declining 200d MA being bearish, I agree, mostly. However, when price rises above a falling MA, this is the first step toward turning the MA back to rising. The correct way to read the MA in that circumstance (IMO) is to give it a neutral weighting. Usually price will come back and retest the MA. If support is seen at that point, I tend to get pretty bullish. ATMI really doesn't fit the O'Neil "cup with handle" pattern. O'Neil wants to see a longer term rising pattern just prior to the beginning of the cup formation. ATMI is all over the place for the past two years, but not in a clear rising pattern coming into the cup. ZILA has (Friday) just posted new all time highs. I have 7 years of history on it and the old high was 10.25 back in early '96. OBV is also at all time highs. This could be a flyer! It's in Healthcare/ Wholesale drugs and sundries. BTW, I don't own any of these, just watching. Hoping to get a little more active in a few weeks. Things are going to settle into a routine by then and I'll have more time for this. Ken