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I've been looking at this. Try slapping a simple trend line on the
position when you open it. This should let you retain "some" of your
profits. For myself I keep adjusting the trend line to fit the movement.
One catch, I never decrease the line, only increase it.
-----Original Message-----
From: Brookemail@xxxxxxx [SMTP:Brookemail@xxxxxxx]
Sent: Saturday, September 26, 1998 10:21 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Yahoo - Intel May Take Stake In Micron Technology Inc.,
Reports CMP's Elect
<< Seems like entry but no exits in Shark. maybe standard CCI(13) with 200
and -150 triggers.
Richard Estes >>
Yes, I agree. The Shark exit signals don't appear to be all that good. In
some
cases, the sell signals provide good opportunities for short-selling, but
the
signals appear to be too few and far between to rely on them for sell
signals
for long trades. The Shark pattern occurs too infrequently, and there's no
guarantee it'll occur when the trend reverses. With long trades, you'd have
to
look to other indicators, such as CCI, as you say, or maybe Parabolic SAR.
You
could use price breaking below certain moving averages, too -- or moving-
average crossovers.
Brooke
Brooke
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