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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (17973)4/14/1999 6:56:00 PM
From: HG  Read Replies (1) | Respond to of 34824
 
I'm still shaking :-)

Tell me I'm going to be okey tomorrow Jannie !?



To: Ms. X who wrote (17973)4/14/1999 7:37:00 PM
From: Von  Read Replies (1) | Respond to of 34824
 
MsX, You are right, I was scared out of VERT yesterday. I was not afraid of the stock, just worried about profit taking. Bought one half my position back today. Will be watching for the other half tomorrow. As to the money moving to the small caps, from the large caps, I think the RUT is moving up, but part of it is being driven by small banking stocks, especially the ones announcing new internet services. OJ's large cap BMY broke a quad top yesterday, went down today along with the rest of the drug sector. Nothing changed in one day, and everyone has not quit taking their medicine since yesterday.
Options and profit taking ruled the day and scared a lot of newby's out the front door making the situation seem even worse.....JMO Good trading to everyone.



To: Ms. X who wrote (17973)4/14/1999 7:43:00 PM
From: XOsDaWAY2GO  Read Replies (3) | Respond to of 34824
 
-Jan, mpg, wizzie and thread, :-)

mpg, your find, KIDE, has just formed a bullish triangle!

wizzie, you had asked where I had found KIDE.

Jan, just cauz you're Jan, is this a gem? Add to the list of goodies? How would the PO be calculated?

Barbara



To: Ms. X who wrote (17973)4/14/1999 10:05:00 PM
From: Lost1  Read Replies (3) | Respond to of 34824
 
Princess, I was about to close out my VERT position when we hit 104, then I noticed Jorj's post about the 5box with regards to the nuts. This gave us a stop @ 100. So here we are. When is it appropriate to go with a bigger box size? Is it strictly a price issue, say > 100, or does the sector itself come into consideration (..ie volatility factor)? It sure does help to have the charts to follow on days like today. It allows me to remain confident in my plan and not be chased away. Then again, A very wise man once told me, "Get out if you are 10 points off a top and profitable." That strategy would have been very effective in this situation.

Thanks as always,

Lost1

ps--Jorj gets his official thanks tomorrow..I hope!