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A lot of discussion regarding "channel trading" has gone on here. How do you
define your channels? and how do you use MS to search for trades?
Cliff Frish
On Mon, 05 May 1997 21:35:57 GMT, you wrote:
>Does anyone else out there engage in "channel trading"?
>
>The strongest predictive force I have found in stocks is the tendency
>to trade inside channels (between support and resistance lines.)
>
>This lead me to buy PAUH this morning at 13 3/8. (I was a little late
>on this buy. I should have gotten in at 12 7/8 on Thursday.) PAUH is
>up 16% today, and I am already looking to sell.
>
>An even better example is ANAD, which I bought at $24, and sold at $33
>1/2 ten days later. QNTM is another good example, reaching the top of
>its channel soon.
>
>My biggest problem is avoiding stocks that fall out of their channel.
>This happened a lot in the three month correction we just went
>through.
>
>So, does anyone else use this method?
>What stocks are you watching now?
>How do you avoid tend changes?
>
>
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