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


To: Dr. Stoxx who wrote (3036)2/12/1999 6:28:00 AM
From: Dr. Stoxx  Read Replies (2) | Respond to of 39683
 
FOUND A GREAT SITE FOR CANDLESTICK CHARTS/ANALYSIS:

litwick.com

TC.



To: Dr. Stoxx who wrote (3036)2/12/1999 9:27:00 AM
From: Caroline  Respond to of 39683
 
COMS, darn good question.

Seems my crappy monitor at work was closer to the truth than my revised prediction based on viewing the chart at home.

COMS went to 30 and a fraction before heading higher. I had a buy in with a limit of $25.

Am buying today anyway, based somewhat on this:

pasnewsletter.com
COMS: 3Coms experienced a dramatic sell-off over the past 10 days and is now reversing course on a sharp rise in volume. Stochastic is deeply oversold and pulling up in a buy signal. The sector is hot and we are going to buy into a new high. Buy COMS once it trades at 34 1/4. Target is 36 1/2. Protective stop is 33 3/8.

Pej (newsletter writer) is a guru in my eyes. To follow him, always follow the instructions exactly (don't buy at the open, wait until $34).

In fact, COMS is trending down before hours, so the buy stop might not get triggered. Since I can't watch during the day, I might end up out of the play.

Caroline