Some applications in leading stocks

[nickola.pazderic]

Hi Buzzman,

I don't have software to calculate support and resistance clusters. Apparently, Billy and Pascal do. And it seems a very valuable tool. No wonder they keep it to themselves.

I'm not certain about the IDX chart to which you refer. But, I know that the SPX peeking above the 20 period SMA on a monthly chart is proven by the primitive backtest method of a 20 year chart to be very bullish. I don't think the move up is over.

Today, HANS pulled back to the WPP, and I bought two more pieces. The stock took off. So far, so good.

As for an exit, this is a "Big Stock". Thus, according to CANSLIM, I should hold out for 20-25% profit. I could also exit on a break below the 50 day SMA because the stock has held it for many months.

Cheers,