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George,
No, the channel stays the same since we haven't hit any new highs.
However, since it slopes up to the right, the price at the bottom of the
channel will be a little higher every day. After several days, or even
weeks, depending on the slope, it will gain a full point. Since I normally
move my stops up in one point increments, I will raise it 1 point there, but
could go up in 1/2 point increments for real low priced stocks
JimG
----- Original Message -----
From: George Ashton <golden1@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, July 19, 1999 6:06 PM
Subject: Re: JimGreening - Standard Dev Channel
> Jim,
>
> So you are saying, that even though no new high has been reached, you will
> still move the channel after a period of time?
>
> George
>
> At 17:30 19/07/99 -0700, you wrote:
> >George,
> > That's essentially it. Actually what happens is sooner or later it
is
> >time to raise the stop and if the stock has moved sideways out of the
> >channel, it will be below the new stop.
> >
> >JimG
> >----- Original Message -----
> >From: George Ashton <golden1@xxxxxxxxxx>
> >To: <metastock@xxxxxxxxxxxxx>
> >Sent: Monday, July 19, 1999 5:11 AM
> >Subject: JimGreening - Standard Dev Channel
> >
> >
> >> Jim,
> >>
> >> I know how to handle stocks that break out of the top or bottom of the
> >> channel! How do you normally handle a stock that tracks sideways out of
> >the
> >> channel in a set pice range without triggering any stops except the
> >> channel?? Do you give it a certain amount of time and then give it up
as a
> >> bad job?
> >>
> >> George.
> >>
> >
> >
> >
>
>
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