support, page-9

Kerger - thanks for your comments earlier :)

I agree that a bit of consolidation to avoid a blow-off top would be a good thing. Perhaps a pullback to support at the 17.5-18 cent level would be even better, so that we can take advantage of it and top up a little more...

If that pullback were to happen, then at the first sign of a bounce back up FROM that support level would be a very strong signal indeed that the next leg of the uptrend would be about to get underway.

I'm like you re trading time - I tend to be short-medium, but in general, it is dictated by the trends. It's the old "buy high and sell higher" routine. I like a trend to be defined before I buy in, then I keep on averaging up as long as the trend remains intact, usinig pullbacks to do so. When the trend line gets broken, especially if a couple of my other favourite indicators give a 'sell' signal, then I'm out. I also run a trailing stop using resistance/support levels, as per Weinstein and his disciples.

Seems to work for me :)

Meanwhile, back to STX - I'm holding!