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ARCHIVE:    JUNE 1999-DECEMBER 2000  

An InvestorLinks article
distributed every market day.

Broadcom Corporation  (NASDAQ: BRCM)
Market Call™ for December 14, 2000
Contributed by Mark Seleznov, TrendTrader.com.

The purpose of this Market Call section is to educate readers in technical analysis patterns and indicators. As with all investment information, you need to research information and consult your financial advisor before initiating any strategies that are contained in Market Call.

Also, you must realize that as with all trading strategies, opinions can change quickly depending on market conditions and developments.

This column tries to present historical examples, potential set ups, and examples of entry and exit strategies.

As the post election rally failed to materialize, once again focusing on exit is critical to protect gains.

Yesterday, we highlighted CIEN as having a pattern that could signal a reversal. Today we can look at the same pattern in BRCM.

Focus on Exit �

When a trade entered goes as planned, the next step is to exit the trade.

If you are following a trend following method such as crossing moving averages, MACD signals, or Momentum, these indicators will also be your trigger to exit.

Many methods will keep you in a stock either long or short. Other methods will use one or more indicators just for exit, and another for entry.

Let's look at our chart below on Broadcom Corporation (NASDAQ: BRCM).

After another sharp move up on the last Buy signal, BRCM ran out of steam today, December 13, 2000.

The break of support at 135 combined with Moving Average and MACD Sell signals would have a trader exiting long positions, If BRCM opens down in the morning, I would exit long positions.

An aggressive trader may want to consider a short. I would not risk move than 3 points on a short position.

Many stocks look like CIEN and BRCM and exit plans should be determined to maintain profits and avoid losses.

Chart courtesy of
 


Interested in adding Market Call to your website?
Click here for details: Market Call Information

Mark A. Seleznov is a General Securities Principal and Managing Partner of Trend Trader, LLC, a NASD, SIPC broker/dealer firm located in Scottsdale, Arizona. A professional trader for over 25 years, Mark was a Market Maker on the Philadelphia Stock Exchange, a Retail Registered Representative, and futures trader. Mark is an author and recognized expert in equity Day Trading. He conducts seminars in Equity Day Trading and offers his firm traders training and support. If his firm holds any positions in the public companies he writes about, it will be noted at the bottom of his article.

Market Calls is a daily syndicated column on trading by Mark A. Seleznov, Managing Partner of Trend Trader, LLC. For information on obtaining Market Calls for your web site, newspapers, or publication, contact
Trend Trader, LLC at 602-948-1146

Disclaimer: Trading in securities may not be suitable for all individuals. Consult your broker or other professional to determine your suitability. This is not an offer to buy or sell securities. The advice given above is of a general nature and should not be taken as a recommendation to buy or sell the referenced security.

 
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Last modified: December 14, 2000

Published By Tulips and Bears LLC