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Jim,
I just check to see if it makes sense to replace the standard
deviation Short Term Up trend Channel (STUTC)with a Trader Vic type
channel. For DELL there was a good reaction from the July high to the
August low, so I did replace the STUTC. I used Trader Vic methodology
to draw the bottom of the trend channel from the 6/12 low to the 8/5
low and extended the line to the right. Then I drew a parallel line
through the 7/17/98 high for the top of the STUTC. My stop is now
just under that channel at 110 3/4. For SMOD, there hasn't been a
good reaction, so I'm still using a standard deviation STUTC from 7/13
to 8/19/98 extended to the right. I have tightened it a little by
changing the deviation from 2 to 1.8. The stop is currently still 16
3/4, but I'll be able to move it up a point in a couple of days. For
WLA, there just isn't enough data for a good STUTC, so for now, I'm
stuck with my original Intermediate Term Up trend Channel with the
stop set at 69 3/4.
Jim
-----Original Message-----
From: Jim DeWilder <jdewilder@xxxxxxxxxxxxxxx>
To: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
Date: Saturday, August 29, 1998 4:28 PM
Subject: Re: Weekly Pick
>Jim,
>
>When you get the time, will you be kind enough to tell me what are
your new
>stops for DELL, SMOD, and WLA as well as your rationale for
tightening them.
>Thanks so much.
>
>Jim
>
>-----Original Message-----
>From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
>To: Jim Greening <JimGinVA@xxxxxxx>
>Date: Saturday, August 29, 1998 12:10 PM
>Subject: Weekly Pick
>
>
>>All,
>> I turned into a bear this week <G>. I was stopped out of AOL,
>>BBY, INTC, and my CPQ LEAP calls leaving me with DELL, SMOD, and WLA
>>stock positions and over 60% cash again.
>
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