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


To: Mike Learner who wrote (3319)3/14/1999 9:37:00 AM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
Mike,

Agreed on your four, especially EMC and BGEN.

Let me add: AMGN, AMZN, MSFT, MEDI, SEPR, UNPH, and IMNX.

TC.



To: Mike Learner who wrote (3319)3/14/1999 12:21:00 PM
From: Ken Adams  Respond to of 39683
 
Hi Mike,

What do you mean... "I got myself back on SI again."? Did the SI cops boot you off? 'splain yerself!

I agree with the idea of putting our heads together on a small, manageable stable of stocks to watch. I've seen this idea advanced by some pretty successful traders (including W.D. Gann).

I've been otherwise distracted from watching the market lately, but getting back into it slowly. I'll be watching.

Ken



To: Mike Learner who wrote (3319)3/14/1999 8:57:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
Mike,

By the way, welcome back to the thread!

And to you and Ted: Yes, I am looking to go back to my habitual form of trading, which is taking positions in trending stocks for a period of 2-8 weeks, catching the big waves, ignoring the ripples, and generally sleeping better at night.

Recently I have been working with hourly charts, trading in and out on signals given by Stoch. and moving average crosses, but this requires way too much oversight, and exacts far too heavy a price in anxiety. I caught a nice double wave in AMCC 4 weeks ago, riding it up for about 5 points, and then down for 6 more, all in a week! But then I lost most of that in the following week as the stock went into consolidation. The "ulcer factor" is too prominent in such short-term trading.

So I am back to the dailies, and even weeklies, and going with the BIG TREND, not the little ones.

There is big money in the hourly charts, but greed is currently off my list of motivating factors...I'm in this for a better life for wife and daughter...

Good to have you back. Please post your picks as you see them, TC.



To: Mike Learner who wrote (3319)3/16/1999 11:25:00 PM
From: Tradelite  Read Replies (1) | Respond to of 39683
 
To all:

I really enjoy following this thread. For what it's worth, my "terrific trio" of heavy-duty stocks consists of

WCOM
WMT
AOL

They almost NEVER have a down day, make money all the time, and can even be daytraded, due to heavy volume. Would love to find a fourth and fifth stock that treats me as well as these do. The charts on these three are pretty amazing.