Some Don’t Like To Wait
Most subscribers are familiar with the Connors 1-2-3-4 pullback strategy, but
the strongest stocks sometimes do not wait that long before resuming their
climb higher.
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03-06-2002
11:54:19
 Wet Seal (WTSLA)
is pulling back from its recent high. WTSLA is up 0.11 to 31.95 and is
carrying a
3-month relative strength rank of 98 with an uptrending ADX of 36 from
TradingMarkets.com.
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The stock triggers later on in the session, making the possible
1-2-3-4 pullback simply a 1-2.
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The stock has receded somewhat, but the position would still be
open as the stop has not been hit.
Learn to monitor stocks setting up intraday if you can, even if
you are a swing trader. Sometimes they don’t feel like waiting.
Until tomorrow,
Duke