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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (9706)	3/4/1999 12:07:00 AM
From: BreakOut	Read Replies (2) \| Respond to of 12039

just to throw my 2 cents into the coms discussion, I say it depends on how you trade. As a short term trader, one looks for upward trending stocks. Then Using some solid TA such as StochRSI,insync, CCI, or perhaps a breakout one trys to pick a low risk entry and grab a piece of the move. exit when you indicator says so, then move on to the next trade. COMS does not fit here. BTW this is how I generally trade. On the other hand a daytrader will look at this chart and say it looks like a short term blow off bottom on large volume. High is below a 3day ema and looks oversold if the stock takes out todays high might be good for a scalp cause the time frame is only few hours. BTW this is my current mode. So a daytrader....possible long a short term trader...pass here...possible short in near future a long term trader....WHO CARES, might as well watch grass grow!