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Politics : Idea Of The Day
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To: George Mc Geary who wrote ()2/6/1998 1:12:00 AM
From: IQBAL LATIF   of 50167
 
George- Markets are manipulted and not only individual stocks panic selling is encouraged on most volatile SP index. Remeber they dug up last Oct Enterprise after two days it was on its way to ME- Pits do it to naive tradrs all the time they break the T- supports and much below what is visible on charts and bring the markets back up this way they encourage shorts to intitiate new positions on break once that is achieved they run the stops by bringing the market back up- this happens every day and traders are slaughtered in the pits- rule one never short on first break wait for the dip first dip is a false dip - if market recovers and dips again that is the break same for break on the up - wait for a second close up or down to be sure of diretion and wait for the dip or run to consolidate relate any move to major components of the index in question like INTC selling at 90 last night should have SOX autoamtically made a target of short selling.
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