Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ken Adams who wrote (2586)	1/11/1999 10:18:00 PM
From: Charles Kalb	Read Replies (1) \| Respond to of 39683

Ken and Thomas.......Re: DURA SHORT Thomas, good comments on protective stops. I'll likely go with mental stops as I have the time to watch closely this week. With a 17-p Stochastic I didn't see any false starts with DURA for the period I am talking about (back to mid-October). I even looked at a 5-p Stochastic which generally is noisey. With a little extra internal smoothing even the 5-p Stoch was in synch with the 17-p. I just looked at three templates full of indicators and I couldn't find one that didn't point to a decline in price. Ken, I still feel bad about you following me into PGO (11/19 and 11/20) where we both got whacked by a false Stoch BUY signal. I went back and reviewed that chart and found that Elder's MACD should have kept us out of that trade; it did not confirm the Stoch entry. I mention this for general interest as well as to note that my chart shows an Elder's MACD SELL for DURA. Well, I'm in already but Ken you might want to take Thomas' advice and wait for a bit more confirming decline before jumping in. Charles