guru_trader
485 posts
msg #45060
- Ignore guru_trader |
6/17/2006 4:00:34 PM
MFC has had a good run for a while now, but after its recent split, the price has been trending downward. What indicators would you all recommend using when determining the "time to sell" on stocks held long-term (months)? Someone had mentioned to get out for sure after prices drop below ma(200).
|
TheRumpledOne
6,411 posts
msg #45061
- Ignore TheRumpledOne |
6/17/2006 4:54:24 PM
You can always sell part of your position to lock in profit.
Sell the other part when support is breached.
|
PeterJerome
23 posts
msg #45063
- Ignore PeterJerome |
6/17/2006 6:25:52 PM
Indicators must be matched to market conditions.
A Stochastic is horrible during an uptrend as it will exit a strong uptrend.
A MACD will whipsaw you to death in a ranging market.
Technicals will be helpful. Use support levels.
MFC dropped below support at 32.00 and is sitting at the 25% Fib level.
Next support down is 31.30. Exit if this level is violated and live to fight another day.
Peter.
|
WALLSTREETGENIUS
983 posts
msg #45068
- Ignore WALLSTREETGENIUS |
6/17/2006 11:07:51 PM
guru_trader
- Ignore guru_trader
- Report offensive post 6/17/2006 4:00:34 PM
MFC has had a good run for a while now, but after its recent split, the price has been trending downward. What indicators would you all recommend using when determining the "time to sell" on stocks held long-term (months)? Someone had mentioned to get out for sure after prices drop below ma(200).
____________________________
guru_trader -
email me at wallstreetgenius01@yahoo.com....I can help you with your problem. The "problem" is....most traders don't KNOW how to use these "indicators" they speak of.....
- RIGGS -
|
TheRumpledOne
6,411 posts
msg #45081
- Ignore TheRumpledOne |
6/18/2006 11:19:18 AM
email me at wallstreetgenius01@yahoo.com....I can help you with your problem. The "problem" is....most traders don't KNOW how to use these "indicators" they speak of.....
==============================================================================
Why not post the answer so all can benefit?
|
WALLSTREETGENIUS
983 posts
msg #45087
- Ignore WALLSTREETGENIUS
modified |
6/18/2006 12:43:44 PM
"Why not post the answer so all can benefit?"
___________________
When SF ever decides to monitor these forums from a CONSISTANT platform....I'll be glad to help again publically. But not until.....
Rick.
|
EWZuber
1,373 posts
msg #45125
- Ignore EWZuber |
6/19/2006 5:10:48 PM
guru_trader
IMO, a lot depends on how often you want to trade to maintain your position and where you entered.
If you entered at the beginning of this Monthly Chart accumulation phase (6/01/05) then Monthly Charts could be used to determine an exit. If not then Weekly Charts would be the longest time frame one could use to find an equitable and timely exit.
Using a combination of stochastics and trendlines the Daily and Weekly Charts have both issued a sell signal for MFC. The Monthly chart shows a long term consolidation pattern so far.
Something to consider is that last week revealed the highest sell volume of any week since the week of 5/02/04.
The 25 WK.MA has been broken as support. Right now MFC is testing the 25 WK.MA as resistance. Daily Chart is attempting to form a bottoming pattern.
Next support on the Weekly Chart is down at $29.25 at the 50 WK.MA.
A close at the end of June significantly below $30.22 would be a sell signal on the Monthly Chart as well, IMO.
A BREAK OF SUPPORT OF THIS CONSOLIDATION PATTERN ON THE DAILY CHART WOULD INDICATE A CONTINUATION OF THE WEEKLY CHART DISTRIBUTION PHASE AND INCREASE THE ODDS FOR A TEST OF THE 50 WK.MA.
JMHO
|
nikoschopen
2,824 posts
msg #45128
- Ignore nikoschopen |
6/19/2006 5:31:21 PM
I agree with EWZuber in that if you used the Stochastics(5,3) [whatever parameter of ure choice] to enter ure trade, you should stick to the same indicator and the same paramter to bail out of that trade. My overabundant experience of exiting half-baked trades over the years have taught me not to change tactics while the stock is on a roll.
|
guru_trader
485 posts
msg #45193
- Ignore guru_trader |
6/22/2006 5:52:52 PM
MFC is still headed downward; now approaching the ma(200) ... I know the markets are still ranging and I wanted to give it a little time, but it looks like it may continue the trend ... we'll see.
|
EWZuber
1,373 posts
msg #45211
- Ignore EWZuber |
6/23/2006 5:27:56 PM
guru_trader, MFC dropped to $30.05 today but it looks like it is going lower. Still suspect it is going to test the 50 WK.MA at $29.25.
Looking at the Weekly Chart, this weeks candlestick confirmed the 25 WK.MA as resistance.
JMHO
|