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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (12861)	1/20/1999 10:09:00 PM
From: wizzards wine	Read Replies (2) \| Respond to of 34811

Hi Dick, I'm thinking like you...Profit taking time...Don't be greedy, but take nice profits NOW!!!! JMHO Later Preston

To: Mr. BSL who wrote (12861)	1/20/1999 10:25:00 PM
From: Ms. X	Respond to of 34811

Taking profits off the table if your stock has made considerable gains is never a bad thing. Sell signals are outweighing buy signals, not by huge amounts, but they are. I'd say profit taking would be good for the accounts and the ole' heart palpitations. I do not mean in any way one should be selling with wild abandon of course, just be nimble as I like to say. Sell 1/3 positions or cover with calls if the chart is breaking down. Remember, watch the charts for sells and RS reversal negatives. These are short term negative signals. Our long term indicators are still in Bull Confirmed. All this means is to be very very picky about the stocks you buy and to watch the ones you own. With things slowing down and the 10 week and High Low reversing one should be very particular about the stocks one enters. No RS in O's for example. Ick. Stop up trade positions. Make sure sector is strong. Positive trend. Fundamentals are strong. Etc. Whadda you think?