pck chart, page-1767

Guggsy for me it is entirely what the market does - if it looks like continuing to rally I'll buy in, if it doesn't I'll wait out the sell off and accumulation process and buy in once its looking like it is ready to rally again. I try to avoid buying into trading ranges which are at risk of breaking down because then I have to sell at a loss - I don't usually hold onto stocks which fall more than 10% from my entry price. Obviously if you are holding from much lower price then you have the luxury of being able to hold through trading ranges including larger price falls as you could exit any time and still claim a profit from it.