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


To: Caroline who wrote (2774)1/24/1999 5:31:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
CB,

On timely.com I normally trade from the 5M template, but usually check the 8M and even 2Y as well.

AXP is ripe for shorting on all fronts (MACD, Stoch, OBV) except the last major low is slightly higher than the previous one. Otherwise, the lastest high is weaker than the previous one, indicating a move out of the trading range and into a trend. If it goes, it's a 10% no-brainer.

CD is a toss-up, I agree. And C is not yet ripe, but could become so very shortly.

TC.



To: Caroline who wrote (2774)1/25/1999 2:51:00 AM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
CB,

Just noted the IBM is one of "Nick's Picks" for this week. He got in Friday at 183, and has a target of 192. But he also admits that the technicals do not presently indicate a reversal.

Good luck, TC.