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I don't trade stocks, however the futures can get very volatile. I
automatically close minimum 50% of any position which has had 162%
expansion in a w.3 and trail a close stop on balance which is closed at
262% expansion. I also watch for exhaustion gaps and pull stop very
close. I _never_ worry about leaving something on the table for those
more greedy than I.
Earl
----- Original Message -----
From: "Gwenael Gautier" <ggautier@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, March 10, 2000 2:09 AM
Subject: [RT] Re: Of 1929 and chart patterns...
> Well, I don't know if we are in 1929bis or not, but even the strongest
> trends may break down out of the blue:
> Look at Softbank and Hikari Tsushin, in Japan. Even blue chip net
stocks may
> lose 50% from the highs on no news...
>
> I know, because, remember I lighted up on Nasdaq few weeks ago...,
well many
> of those I sold rose, those I kept sometimes rose, but many fell, like
> Softbank... Fortunately I also bought some others which did OK, which
> compensates...
>
> Question: What is your best strategy for exiting net stocks so that
one
> reaps most of the upside without sacrificing too much on the way back
down?
>
> Gwenn
>
>
> Earl Adamy wrote:
>
> > Some months ago I posted a pair of charts for the pre-29 and current
> > periods with some 20 years of history from the last major
retracement on
> > each chart - around 40%. The charts featured the percentage
retracement
> > of each significant dip. The two sets of charts show the same
pattern of
> > decreasing percentage retracements. This bull pattern is longer. The
> > post-29 chart shows a series of increasing retracements. There is
little
> > doubt in my mind that eventually the post-current chart will follow
the
> > post-29 chart, however I'm not ready to call a top until I see the
> > whites of the bear's eyes.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Marlowe Cassetti" <marlowec@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
> > Sent: Thursday, March 09, 2000 9:55 AM
> > Subject: [RT] Re: Of 1929 and chart patterns...
> >
> > > Interesting pattern of similarity. How does it look if you did it
on
> > a log
> > > scale?
> > >
> > > ----- Original Message -----
> > > From: Gitanshu Buch <OnWingsOfEagles@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Wednesday, March 08, 2000 2:54 PM
> > > Subject: Of 1929 and chart patterns...
> > >
> > >
> > > > > Maybe not, but we are back again to the 1929 scenario
> > > > > When I don't know. I just do what the charts tell me.
> > > > > Any more depressing news and I may hang it up for the week.
> > > >
> > > > Ira,
> > > >
> > > > Its called "you asked for it" <g>
> > > >
> > > > Here's a chart pattern for the historically inclined...
> > > >
> > > > Take it for what its worth. Haven't seen one of these since the
bad
> > old
> > > days
> > > > of 1997 when we had similar looking HKSE comparisons galore on
RT
> > and on
> > > the
> > > > web.
> > > >
> > > > This is partly in jest, partly a dead serious FYI.
> > > >
> > > > Gitanshu
> > > >
> > > >
> > >
> > >
> > >
> > >
>
>
>
>
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