Simple Methods
Many new traders are often intimidated by the amount of information available
on techniques, patterns and methodology for trading the markets. Many of these
methods are very intensive in terms of time required to study and make it second
nature. However, every now and then I am reminded that trading does not have to
be rocket science, something my good friend Dave Landry hammered home in his
presentation at TradingMarkets2001.
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10-08-2001
15:34:53
Everest RE Group (RE)
is pulling back from its recent high. RE is currently down 0.08 to 26.67 and
is carrying a 3-month
relative strength ranking of 86 from TradingMarkets.com.
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Stocks with momentum rarely pause for long. Their nature is to
thrust, pause and pivot back in the direction of the trend. Which is exactly
what RE is doing today.
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Simple methods can and do work.
Until tomorrow,
Duke
P.S. Thanks to all of you who have congratulated all of us for our work at
TM2001. Your kindness is much appreciated and we look forward to continuing to
make the site better and better.