Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Multi-Day Momos -- Ignore unavailable to you. Want to Upgrade?

To: Lawrence Burg who wrote (10)	3/17/1999 4:36:00 AM
From: Lawrence Burg	Respond to of 397

NVDC...O's are high, but lights are still green...more new price & volume highs...will probably go some more as it's entering new territory on a bullish note...too bad my 11 1/4 stop loss got swallowed on the early shake...

To: Lawrence Burg who wrote (10)	3/17/1999 4:53:00 AM
From: Lawrence Burg	Read Replies (3) \| Respond to of 397

Rule...on strong 5 day charts...from a lesson learned on SIEB and violated today w/NVDC...watch the 5 day chart on strong movers. The rising price bottoms on NVDC, started late Friday, show early support should have tripped just under $10, which it did. A reentry was warranted when the 5 day trend held and the price bounced back up through $10...the trend is your friend, even on multi-day price charts... Make sure that any stop losses set on such momos are set slightly below the 5 day support level, or if you can sit on it, watch for the support to kick in and catch the return on the running price... ...soooooo, based on that, if the trend is not compromised, we should see a close over $14 tomorrow, with attendant volatility. Stop loss between $12 - 12 1/4, based on the pre-bell spread.