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


To: Ken Adams who wrote (3050)2/13/1999 2:14:00 PM
From: Dr. Stoxx  Read Replies (2) | Respond to of 39683
 
Ken,

I like your idea of averaging down on PCMS. I am watching it closely myself for a reversal. As it hits 7 it should be able to find some support. If not, bail out quickly because there is nothing until much lower down. You might give a couple more days to see if a congestion pattern emerges around 7 (6.5-7.5), and then set your buy-stop just above this highest high of that period.

Keep us posted, TC.

PS: I just PM'd you about the Smallcaps Newsletter I mentioned. There were 12 others also interested!