|Moderated By: Steve Lee -- (Not Moderated) -- Started: 10/10/2001 9:15:46 AM Revision History|
Here is a thread to swap ideas on channelling.
Channelling is where you buy a stock when it looks like it is going to bounce off support, and sell it when it looks like it is going to bounce off resistance.
Or you can buy calls when the underlying is at support and sell at resistance. Or vice versa with puts.
The thread is to help each other identify stocks with good volatility and easily discernible support and resistance levels.
My own emphasis lies on watching NDX 100 components and QQQ, a tracking fund stock for the index itself. I also watch some other tech stocks not in the index. Comments on non tech stocks are welcome.
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