AI
| Followers | 701 |
| Posts | 27451 |
| Boards Moderated | 3 |
| Alias Born | 07/03/2003 |
Monday, July 26, 2004 5:47:07 PM
My question to the board... Why is everyone looking to get into a stock at what they think is the bottom when there has not been a reversal trend established? IMHTO the risk to reward is not in favor of the trader.
OVTI - trending down - dont buy until it cross the 10 day moving average and moves above the channel break.. then once it crosses the channel use that as a support level (Sell if it Breaks Below).
Keep an eye on your indicators and if they turn down get ready to sell. Also you can play bottoms of channels.... If you buy at the bottom of a channel and the stock holds, more than likely you will get atleast a small pop out of the stock, if it does not hold and breaks channel to downside then sell.
OVTI - trending down - dont buy until it cross the 10 day moving average and moves above the channel break.. then once it crosses the channel use that as a support level (Sell if it Breaks Below).
Keep an eye on your indicators and if they turn down get ready to sell. Also you can play bottoms of channels.... If you buy at the bottom of a channel and the stock holds, more than likely you will get atleast a small pop out of the stock, if it does not hold and breaks channel to downside then sell.
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