S, L = 15 and 60 week moving averages. Buy if a) P>S>L AND b) Sâ€™, Sâ€™â€™, Lâ€™, Lâ€™â€™ all >0. Define EXIT=(S+L)/2. Sell if c) P<=EXIT OR d) Sâ€™+Lâ€™<0 OR e) $ loss limit reached. Note: condition (d) ensures that EXIT never declines.
I don't eavsdrop on the good ole' boys at the Country Club in Rancho Mirage, Palm Springs. I do not leave my recorder on in locker room while out on the links! lol Former Bears Stearns Series 7.
Former IBD trader. Not interested in their IBD ratings (all lagging). Price action, volume and chart patterns is all I got in my tool bag. Please don't follow me blindly. Post-rhinoplasty picture coming soon!
Founder and CEO of Stocktwits, Founder of Wallstrip (Acquired by CBS), Managing Member of Lindzon Capital Partners (Hedge Fund) and Managing Member of Social Leverage (an early stage web holding company) ...I have lot's of ideas. Toronto boy.