About the Editor Harry Aloof's business background as a technical analyst for the commodity futures and US stock markets spans nearly three decades. In 1980 he became a member of CompuTrac/Technical Analysis Group, and in 1988 he became affiliated with Shearson Lehman Hutton as a financial consultant. Mr. Aloof became registered as a Commodity Trading Advisor (CTA) with the National Futures Association (NFA) and established his own private advisory firm in 1989.
Harry Aloof is a student of the Tape Reading Art. When studying Technical Analysis back in 1968, Mr. Aloof learned tape reading from one of the largest single traders of the day. Mr. Aloof incorporates his choicest tape reading selections in his technical analysis.
Harry Aloof has expertise in stock selection via technical analysis. After researching and testing various technical methods for more than two decades, he developed and now uses a process called LOW-RISK ENTRY POINT™. This process is used as a determining factor for success in the stock market. You should consider using the LOW-RISK ENTRY POINT™ as a guide for purchasing stocks. You will then have the necessary edge and ability to accumulate shares at better prices. This will enable you to build larger positions at better price levels.

Three Strikes and You're Out: Our stops are close to the market. We will not risk more than 3 7/8 on any trade. If we get stopped out of a position, we have two more opportunities to re-enter the trade if it penetrates the buy point again. After getting stopped out a third time, we call the trade a bust.
We Use Protective Stops: This is the price at which a protective stop should be entered. As a position advances, stops should be adjusted accordingly. Each buy recommendation comes with a BUY STOP. This is the Low Risk Entry Point™ that you should consider when making a purchase. If the stock does not reach this price then it does not become a buy candidate. If in the following days the prices of the stock reaches the BUY STOP or higher then you may consider purchasing the stock. Once a purchase is made then use the recommended protective stop as indicated in our reports. Should the stock advance move, you should move the protective stop up accordingly.
Example: XYZ Corp closed at 50 the previous day.
A) A buy stop recommendation of 50 5/8 is made with a protective stop of 47 5/8 (a difference of 3 points).
B) Now, should the stock advance to 55 5/8, then the protective stop would be 52 5/8,
C) Keep advancing the stop as the stock moves up until the stop is penetrated and you exit the position.
How to Capitalize from "The Second Day Syndrome": "The Second Day Syndrome" is a unique way to profit from Wall Street Trader™ Technical analysis. Our analysis is based on a stock's price momentum and volume. Certain stocks will forge ahead after they give a buy signal. Other companies will have a strong up day generating a recommendation and then back off. Watch for these companies! When they eventually penetrate the buy price (usually on the "Second Day" after being recommended,) they will typically produce a strong upward move. This greatly lessens your chances of getting "stopped™ out" of this trade.
Daily Stock Report Features:
Daily selections include Low Risk Entry Point, RSI (Relative Strength Index), protective stops, and option availability.
Daily Sector Call includes three selected stocks from that day's featured market sector.
Trades both sides of the market: both buy and short sell candidates featured.
Wall Street Trader's Column™ is received daily throughout the U.S., Europe, the Middle East, Asia, and the Far East.
We are one of the most widely recognized daily stock market fax and Internet services available today.
Our daily technical analysis is received and followed by most of the major institutional brokerage firms and wire houses.
DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto