Werner writes "
Thx again for your charts and info.
I bought also X and now deep in the red %-(.
I am allowed to ask what kind of stopping rules do you have?"
Yes Werner, the Steel stocks took a hit on Friday. (shaking out the non-believers)
Following the Rules below:
Short Term Traders stopped out of X when it Closed below Support of $20.94. Relative Strength is still Very High at 97, so we will probably Buy X again in a few days on the next Money Wave Buy Signal (and probably make up some of the loss).
Medium Term stopped out when it Closed below the Red Line (50-day avg.) and should get back in when it Closes back above the Red Line.
Long Term Investors are still in X as it is Above the Green Line, and Above 90 Relative Strength.
Good trading, and tell your friends!