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abbytraderwin

12/16/07 1:34 PM

#14020 RE: psbewithu #14014

There is a Abbytraderwin simple flippers entry/exit chart posted(2nd) chart is the SWVC ibox. Simple, close over the ema2 buy, close under sell. Those indicators work but there is more to that simple chart. There are a couple of posts from me recently on the Lowtrade board that speaks to how to use that chart. Lowtrade's board, Technical Analysis board, and many more are great places to start learning about charts and patterns. Stockcharts.com and their chart school is probably the best starting place. You can make a chart for DLAV as simple or as complicated as you like. That simple traders chart is to be used for a quick look and decision, not the overall scope of the stocks range and performance. When you only have a minute to make a decision on buy/sell/pass it works fine. I use it every night to quickly review many stocks while preparing orders for the next day. Again that chart is for flipping only. Selling based on that chart can cause you to miss a little gain or a quick turn intraday. Now look at the ema2 and the candles from 11/16 through 12/14. You would have sold on the 23, bought 26, sold 27, and not bought since. Unless you are an intraday flipper or accumulating longterm by averaging down, and yes I do average down on many stocks when news/pr/filing and expected because it is cheaper than the chase. LOL. Each stock needs it's own strategy for trading and the chart patterns help you determine what works best for that stock. DLAV only missed the buy signal Friday by closing at .0049 instead of .0052! It is coming.

Enjoy