Re: [CANSLIM] Swing Trading?

From: Eric Jaenike <ericjaenike@yahoo.com>
Subject: Re: [CANSLIM] Swing Trading?
Date: Wed, 21 Aug 2002 12:10:39 -0700 (PDT)

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I just started reading Alan Farley's book, The Master Swing Trader. As I understand it, swing trading focuses on shorter term swings in the market when the market/stock is trading in a nontrending/horizontal fashion. That method focuses on buying at support and selling at resistance. When the instrument in question then breaks from its current trading range, the swing trader will then change tactics and switch to a momentum trading style.
I have only read about 50 pages of his book, but so far have found it to be one of the best investing books I have read. It is, however, very advanced, very technical, and a slow read.
Eric
 
 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?

Inquiring Minds Want To Know.
Thanks.
Warren


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<P>I just started reading Alan Farley's book, The Master Swing Trader. As I understand it, swing trading focuses on shorter term swings in the market when the market/stock is trading in a nontrending/horizontal fashion. That method focuses on buying at support and selling at resistance. When the instrument in question then breaks from its current trading range, the swing trader will then change tactics and switch to a momentum trading style.
<P>I have only read about 50 pages of his book, but so far have found it to be one of the best investing books I have read. It is, however, very advanced, very technical, and a slow read.
<P>Eric
<P>&nbsp;
<P>&nbsp;<B><I>Warren Keuffel <WKEUFFEL@XMISSION.COM></I></B>wrote:
<BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid">What, exactly, is swing trading? I understand day trading -- you are in<BR>and out of a stock one or more times during a day, and don't hold<BR>overnight. CANSLIM has (in my mind) a 1-6 month horizon, in general,<BR>depending on markets, etc. The term Swing Trading implies some kind of<BR>back and forth action. For how long? What kind of buy/sell rules apply?<BR><BR>Inquiring Minds Want To Know.<BR>Thanks.<BR>Warren<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.</BLOCKQUOTE><p><br><hr size=1><b>Do You Yahoo!?</b><br>
<a href="http://rd.yahoo.com/careers/mailsig/new/*http://www.hotjobs.com">HotJobs, a Yahoo! service</a> - Search Thousands of New Jobs
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