Forum Archive Index - May 2002

[Phaedrus <Phaedrus@techemail.com>]

Brian,
      You covered all the important points. Here is the longer-term chart you 
asked for. It is interesting to note that the trendlines for the current 
medium-term downtrend and the current longterm downtrend exactly coincide. Any 
clear price increase would be a trendline break in both timeframes. I have 
plotted the price as at 10am today, (290) but of course it is the Close that is 
more important.
 Re Stops. The placement of stops is a very personal decision. Because of this 
I am reluctant to make specific recommendations. People's aims, methods, 
aspirations, risk tolerance and loss tolerance vary so much. In addition, there 
is so much compromise involved. Set your stops tight and they will be hit more 
often. Set them loosely, and they will not be hit so much, but you will lose 
more when they are. A lot depends on the rest of the system that you are 
following. Larry Williams has proved that a good system is not improved by 
tightening its stops. Another big factor is the volatility of the stock in 
question. More volatility mandates looser stops, all other things being equal.
     Regards,
                Phaedrus.

_____________________________________________________________
Are you a Techie? Get Your Free Tech Email Address Now! Visit 
http://www.TechEmail.com

_____________________________________________________________
Promote your group and strengthen ties to your members with email@yourgroup.org 
by Everyone.net  http://www.everyone.net/?btn=tag

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/