Kevin_in_GA
4,599 posts
msg #84038
- Ignore Kevin_in_GA |
12/8/2009 1:49:21 PM
The basis for the filter is to look at pivot points as possible signals for entry and exit. For example, if a stock is on the rise, each day it will move its pivot points move up a bit. So if you were to construct simple moving averages of pp, r1, and s1, a rising stock will remain above the r1 MA until it begins to lose steam.
For an earlier entry, you could use stocks that cross the s1 MA from below as your entry signal, and then exit when the stock crosses the r1 MA from above. In this case I used the pp MA as the entry, thinking that once crossed the r1 MA should help to act as a support level to prevent retracement.
10 day MAs are an arbitrary decision on my part, but it seems to give smooth lines that, once crossed, remain as support/resistance levels while a stock rises (or falls).
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karennma
8,057 posts
msg #84039
- Ignore karennma |
12/8/2009 1:49:31 PM
BCRX!!
That's it folks!
$6.73 WAS THE bottom!
$$$$$$
;>)
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karennma
8,057 posts
msg #84040
- Ignore karennma |
12/8/2009 2:05:13 PM
oh noooooooooooooooooo!
$6.67???
%$ # $#(0+_ !!
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johnpaulca
12,036 posts
msg #84045
- Ignore johnpaulca |
12/8/2009 2:52:08 PM
Karen.....try using stops before you lose everything.
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Kevin_in_GA
4,599 posts
msg #84046
- Ignore Kevin_in_GA |
12/8/2009 2:53:58 PM
KAREN:
A ray of hope for you:
http://finance.yahoo.com/news/The-10-Down-Rule-Stepping-Up-tm-1068087426.html?x=0&.v=1
Enjoy.
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karennma
8,057 posts
msg #84047
- Ignore karennma |
12/8/2009 3:00:43 PM
Thank YOUUUUUUUUUUUUUU!!
;>)
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karennma
8,057 posts
msg #84048
- Ignore karennma |
12/8/2009 3:04:53 PM
Also, Kevin ....
I noticed ... Motley Fools, "Fearful stocks, for Greedy traders" ....
Guess what's on the list ... ?
Value Line (Nasdaq: VALU)
$27.22
*****
AIG (NYSE: AIG)
$30.17
*
Crocs (Nasdaq: CROX)
$5.43
*
Protalix BioTherapeutics (NYSE: PLX)
$8.20
*
BioCryst Pharmaceuticals (Nasdaq: BCRX)
$7.05
*
(tee hee hee ... does that mean I'm "greedy" ... ?)
LOL!
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Kevin_in_GA
4,599 posts
msg #84049
- Ignore Kevin_in_GA
modified |
12/8/2009 3:06:43 PM
Based on your posts today, fearful would be a better fit. With a tinge of remorse and self-loathing ...
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karennma
8,057 posts
msg #84050
- Ignore karennma |
12/8/2009 3:15:31 PM
Kevin:
ROFLMAO!!
Well, I must admit, I HAVE eaten quite a bit of CHOCOLATE in the last 2 hours.
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johnpaulca
12,036 posts
msg #84078
- Ignore johnpaulca
modified |
12/9/2009 9:39:34 AM
TWM....short at $28.11.... no stop set as yet
Added more at $28.19
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