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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From: chowder	1/12/2006 9:48:27 AM
	of 13449

ELN trades an average of 8 million shares per day. It has already traded 3 million shares in the first 15 minutes of trading. With this sort of volume, price must close above the half way point of today's total price range. If price closes in the lower 1/3 of what the price range ends up being, I will be taking profits on 1/2 of my position. In other words, I don't want to see a long tail on top of today's candle going into the close. If I do, or if the price is down on the session, I will be selling 1/2. dabum

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