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I'm finding this a bit hard to visualize - I guess it's a little different
thing than I'm used to looking for. Maybe one of you has an example?
thick-headedly,
phil
----- Original Message -----
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, January 28, 2000 7:24 AM
Subject: [RT] Re: STK: more theories
> Of course that is the Nec plus Ultra, the caviar of all trades... But
sure,
> if, in addition, you are in stocks and buying a strong leader in its
sector,
> you got yourself a very low risk very high return trade!!! This is the one
> time where you need to slam the trade, and be a pig big time!
>
> Gwenn
>
>
> Earl Adamy wrote:
>
> > Also can be dangerous to buy at new highs ... a conservative strategy is
> > to wait for a major correction followed by a rally which exceeds the
> > prior pivot high (higher high) followed by a retracement which fails to
> > exceed the prior pivot low (higher low) followed by a break above the
> > previous pivot high with a stop at the previous pivot low. This provides
> > a nice combination of buying near the lows while forcing the rally to
> > prove itself against controlled risk.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Phil Lane" <patterntrader@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, January 28, 2000 7:13 AM
> > Subject: [RT] STK: more theories
> >
> > > It's dangerous to buy stocks in a correction, hoping for a great
> > price. The
> > > safest thing is to wait for a new high, i.e. let the stock prove
> > itself.
> > > That way you won't get stuck in a situation like this one -
> > >
> > > rgds phil
> > > http://www.patterntrader.com
> > >
>
>
>
>
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