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Strategies & Market Trends : Robert Miner www.dynamictraders.com -- Ignore unavailable to you. Want to Upgrade?

To: Lenny Rosow who wrote (14)	1/5/1999 10:06:00 PM
From: Craig	Read Replies (1) \| Respond to of 58

The waves do tend to jump out at you, though much easier after the fact...20/20. Since oil stocks have been bottoming I started there for my first crack at it, alot easier on the nerves than a would be topper like an internet stock. Also there are enough momentum players in this sector to make any moves significant. Anyways take FLC (R&B Falcon) for example. It made an excellent 5 wave bear move, amazing how it fell into place. Time and price also matched up for a threesome. So now we are at a point were I have mapped the A and B wave. So now I am looking for the start of the C wave or what could be wave 1. My plan is to enter with one of the entry triggers with the appropriate stock. Then take short term profits at the end of my projected C wave, with a nearby stop for the remaining balance. In this way I do not have to call the wave name correctly, just that it should be an up move. If it is just a trading range then I go nowhere. Also I set up Tradestation to scan for the entry trigger on my database of stocks. There can be quite a few hits, but one quick look can give me an idea of trading possibilities. The different setups were easy to program and any Tech. Analysis program could handle it.