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To Richard, David, Rajesh, and all. I do believe I have found the Holy
Grail IN THIS MARKET. I normally trade only the T-Bond and currencies,
but, because of the last 3-4 weeks of extreme volatilityin the bond and
currency markets, trading was beyond my risk/reward factor. As such, I
returned to my small database of stocks. I immediately saw an opportunity.
My last 12 trades have been very profitable. I will share my discovery.
If the stock makes a new high, then exceeds the high by 1/4 of a point,
buy.
That's it. Simple. Not looking for bottoms or triangles or
head&shoulders. No oscillators. No indicators. If the stock closes 1/4
below the previous day's low, close the position.
Remember, guys, I said "in this market". Like Richard implied, a bull
market makes many of us look good.
Al Taglavore
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