I too have been following this thread and i just want to thank every one who has contributed. I am just a highschool student with an intrest in the stock market who is currently enrolled in the DECA stock market challenge through my school. As a result of the constantly accumulating knowledge that I have been able to gather from this thread I am currently in 2nd place in my region (South Western Ontario) and 6th place in North America. I thought this as good a time as any other to offer my gratitude. Thanks Again
for swings, i like long-term bases. Big Pharma hasn't looked too bad. this one is pretty near support. anyone who has read stan weinstein might be tracking this one for a BO? i also went long TDW - it BO above a downtrend line on the monthly, although i would have liked more volume.
BO on the DT line and then retraced to test - moved up above horizontal resisatnce. i also use this "uptrend bias" on intraday trades, but i keep my swing in position and close my daytrade EOD about 80%, or i carry a small position overnight. nothing fancy, simple TL & S/R type stuff. and again, higher volume on the BO would have been better. when i grow-up, ill be able to add on the way up rather than looking to sell R. im going back to lurking, just wanted to add something to a good thread.
Ok. It's off and running. Later, I'll be looking for volume breakouts in an uptrend and other uptrenders. Monday is usually a narrow range day, so will have to see what developes.