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


To: AlienTech who wrote (5513)1/6/1999 12:31:00 PM
From: Susan Saline  Respond to of 43080
 
buy on dives

cause it's the chickens getting out and the traders getting in for the quick buck mentality

they all dive sooner or later

classic example ... look at IM for intraday chart dive
HAIN for daily chart dives.

market mentality waits for the "dive" then traders move in. Just have to hope you are not jumping in before the dive is done.

I would not enter NETA here at 56 15/16

possible at 56 (on buy stop) as it rally's off another dip between 55.50 and 55.75

or buy stop at 57.50

those would be the entry points I would be looking at