Welcome to my world of swing trading. My focus is on momentum, earnings, and limited day trading. The tools I use are available on the other blogs listed on the right side of this page. Let's set sail.
Stock #2: IDT.C - IDT Corp. - Telecomm - Diversified Communication Services This is actually the C Class of IDT common stock. Since IDT comes later in the list, I will skip the Class C stock and will cover both when I research IDT.
Yes I noticed that just glancing through the charts last weekend. Most of the best ones seem to have been following up on 2009 strength. Also noticed that most of top stocks bottomed under $1 in 2009.
Need to incorporate market conditions into the study also.
Yes, but isn't that true of most good uptrends on intermediate time frame, not just these stocks in particular. The 20- or 21-day work well in certain time frames. I have a thing for fib #'s so I prefer the 8- and 21-day averages. But they are not integral in my trading decisions. I also watch the 50- and 200-day only to monitor herd behavior and larger trend direction.
Noticed what is common in your stocks? Stage 2 Stocks. Good job
ReplyDeleteYes I noticed that just glancing through the charts last weekend. Most of the best ones seem to have been following up on 2009 strength. Also noticed that most of top stocks bottomed under $1 in 2009.
ReplyDeleteNeed to incorporate market conditions into the study also.
Also, did you noticed they tend to obey the 20 ma and bounce?
ReplyDeleteYes, but isn't that true of most good uptrends on intermediate time frame, not just these stocks in particular. The 20- or 21-day work well in certain time frames. I have a thing for fib #'s so I prefer the 8- and 21-day averages. But they are not integral in my trading decisions. I also watch the 50- and 200-day only to monitor herd behavior and larger trend direction.
ReplyDeleteThanks for your comments hector.