Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: hoopsville who wrote (5743)	10/8/2005 9:20:56 PM
From: chowder	of 13449

CHK part II ...... Assuming the after hours trading remains bullish, here are the guidelines I use for most stocks that gap up at the open. There are three low risk, high probability buy strategies in this situation and the choice is determined by the one you feel more comfortable with. 1. If price gaps up 50 cents or more at the open, it's a buy immediately. 2. Wait five minutes and buy over the 5 minute high. 3. Let the stock trade for 30 minutes and mark off the high of the day. The entry would then be about 6 cents above the 30 minute high. All of these strategies would use yesterday's low of the day as the stop. dabum

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