Re: [CANSLIM] Swing Trading?

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Swing Trading?
Date: Wed, 21 Aug 2002 13:09:59 -0600

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From the book Street Smarts by Linda Raschke and Larry Connors -

"By  swing trading, we mean monitoring the market for support and resistance levels 
and actively trading around those areas.  Stops are place just beneath support or 
above resistance to minimize risk."

I think the time frame on most swing trades is anywhere from 1 to 4 or 5 days, 3 
days might be most common.  Support and resistance can also include moving 
average lines, retracements, gaps.

On 21 Aug 2002 at 12:29, Warren Keuffel wrote:

> What, exactly, is swing trading? I understand day trading -- you are in and
> out of a stock one or more times during a day, and don't hold overnight.
> CANSLIM has (in my mind) a 1-6 month horizon, in general, depending on
> markets, etc. The term Swing Trading implies some kind of back and forth
> action. For how long? What kind of buy/sell rules apply?

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