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

To: Ken Adams who wrote (3079)	2/15/1999 9:31:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 39683

All... Well, here's my play for the morning market, assuming I don't wake up to the end of the world, in which case I will simply roll over and try to go back to sleep. Liking PCMS as I do, I will enter a BUY STOP order at 7-9/16 for Monday. This is one tick above Friday's high and would signal a reversal in the downtrend. If filled, I will put in a stop at 6-15/16 to install damage control. Stochastic is at new low and MACD is still above zero. OBV remains very high. Looks like it could make a pop. If it would do that, back to 10, profits would be terrific. We'll see! Ken