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Strategies & Market Trends : MP - Market Pulse

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To: JRI who wrote (442)	7/10/2001 12:05:38 PM
From: HairBall	of 1328

JRI: I think this morning’s pop was the head fake. However, I am not sure this rising wedge is gong to deliver a resumption of the trend from which it originated either. Wedges often only provide a partial retrace. While I am trading with an expectation for a low below Monday's low, I do have "mental" stops losses in play, just in case I am wrong. I have two short trades on from yesterday and initiated two more with this morning’s pop. Right now my stop loss points for yesterday's entries will likely yield a profit, today's entries will hopefully break even if stops loss points are triggered. I'll refrain from posting my trades as they would just be "after the fact" calls now and I am not sure I would enter a short position on them now...to close to call! Regards, LG

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