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Re: Kaye post# 3565

Sunday, 12/08/2002 1:18:05 PM

Sunday, December 08, 2002 1:18:05 PM

Post# of 8728
Kaye, thanks for your responce. When all else fails, read the instructions! And that's what I did to come up with the following for GFI:

01/01/02 to current
6250
10
100
9
3
500
500
4
-5

My plan is to use X_DEV in conjunction with other chart web sites and my own developing method of trading stocks. World events brought GFI to my attention and I've taken a short term position at $12.50. Current stop loss is at the 10 day moving average $11.80. Notice on the accompaning chart how the stock price tended to climb between the 10 day bollinger band and the 10 day moving average. I'll continue to adjust my stop loss and sell when the two lines cross. Good or bad, that's my plan. :) http://139.142.147.218/HistoricalChart_Image.dll?interval_min=5&cus=0&indexSymbol=&secur...
I like the current MACD on this one too.

On the StockWerld site, not to long ago, Myst posted his thoughts about using a 10 day, 1 hour chart with 8 and 16 EMA moving average for fine tuning buy and sale points. Thanks Myst.
I'll be using this as another sale signal. It's also great for fine tuning buy signals. http://www2.marketwatch.com/tools/quotes/intchart.asp?symb=gfi&intflavor=advanced

I've been listening to Moe Ansari on AM radio 830 here in Los Angeles between 3:00 and 4:00 PM weekdays. Moe is right when he says "Buying a stock is the easiest thing to do, it's when to sell that's the hard part. A trader has got to have a plan when to get in and when to get out." Hope you have a chance to listen to Moe someday. http://www.google.com/search?hl=en&lr=&ie=UTF-8&oe=UTF-8&q=Moe+Ansari&spell=1

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