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One simple method is to draw a trendline on these rising stocks and sell
when they pierce the rising trendline. I found this effective in capturing
most of the profits in such situations. Don't fit the trend line too close
to the parabolic rise or you will also stop out too early. Also draw the
trendline on a log scale chart to get a better picture of percentage
changes.
----- Original Message -----
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, March 10, 2000 2:09 AM
Subject: 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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