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<DIV><FONT color=#000000>test</FONT></DIV>
<DIV><FONT color=#000000><BR>Swope's Mountain Photography<BR><A
href="http://www.swopephoto.com">http://www.swopephoto.com</A><BR><A
href="mailto:linda@xxxxxxxxxxxxxx">linda@xxxxxxxxxxxxxx</A><BR>Climb the
mountains & get their glad tidings: Peace will flow into you as sunshine
into flower; the winds will blow their freshness into you & storms their
energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914</FONT></DIV>
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</x-html>From ???@??? Thu Feb 18 11:20:52 1999
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Date: Thu, 18 Feb 1999 12:07:27 -0700
Reply-To: "Linda Swope" <linda@xxxxxxxxxxxxxx>
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From: "Linda Swope" <lswope@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Gen: need help with my strategy
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<DIV><FONT color=#000000>Hello RT's!</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV>I'm starting to trade again, this time systematically. Emotion and
opinion are gone and I'm just trying to trade price. </DIV>
<DIV> </DIV>
<DIV>I'm struggling a little with time frame. I've day traded a lot and
the stress takes a toll on me. Part of me would like to position
trade with a short time frame (less than 1 month), but another voice warns me of
those overnight surprises. I think I would have to set looser stops to
handle the volatility and not get kicked out with every whipsaw. </DIV>
<DIV> </DIV>
<DIV>I'd like to set up a possible trade and then get your feedback:</DIV>
<DIV> </DIV>
<DIV>My system is based on fib retracements and Dell is sure retracing! I figure
there are 2 choices: 1)It will bounce off the retracement and resume the
uptrend. 2)It will start a new trend and go lower. At this moment it
is oversold, so that gives me two choices. 1)It will resume the uptrend.
2)It will re-test the high before a new leg down and a new downtrend. That
says to me in the short term it is going higher.</DIV>
<DIV> </DIV>
<DIV>So next I need a signal that it is indeed going up. Then I set my
stop at the low of this retracement. Then I set my target based on fib
ratios. (I'm conservative and use 1.618.) Now I just let the price
happen and either I'm in or out.</DIV>
<DIV> </DIV>
<DIV>Here's a couple of questions: what would you use as your signal that
it's resumed an uptrend? </DIV>
<DIV>Would you use the after-hours low or the trading day low for your
stop? The after-hours low is a couple of points lower than the trading day
low.</DIV>
<DIV> </DIV>
<DIV>And just generally speaking, am I on the right track?</DIV>
<DIV> </DIV>
<DIV>I really appreciate any comments, feedback and wisdom you all might
share!</DIV>
<DIV><FONT color=#000000><BR>Swope's Mountain Photography<BR><A
href="http://www.swopephoto.com">http://www.swopephoto.com</A><BR><A
href="mailto:linda@xxxxxxxxxxxxxx">linda@xxxxxxxxxxxxxx</A><BR>Climb the
mountains & get their glad tidings: Peace will flow into you as sunshine
into flower; the winds will blow their freshness into you & storms their
energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
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</x-html>From ???@??? Thu Feb 18 12:16:33 1999
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Date: Thu, 18 Feb 1999 14:03:32 -0600
Reply-To: joe6964@xxxxxxxx
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From: Joe Frabosilio <joe6964@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Gen: need help with my strategy
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Hi Linda,
I don't know if you have this book or not. Look at Dynamic Trading
byRobert Miner.
To see if trend has changed I use money flow, along with other setups
out of Street Smarts and Hit and Run. Stocks act different at different
retracement levels. Here is DELL:
.382= 83.54
.5= 75 3/8********(in premarket trading DELL was down to 74 and started
to move up)
.618 = 67.2
What saved DELL ( IMO) was the 2 for 1 split. But watch it go down.
Stocks that start a down trend then announce a stock split still work
there way down.
Trade Well,
Joe Frabosilio
Linda Swope wrote:
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