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: - with a K who wrote (76)	10/18/2004 4:42:12 PM
From: chowder	of 13449

- with a K, I have actually traded MLNM twice since I first mentioned it and both times pulled out with a very small loss. I bought at the 20 day moving average and sold when it closed below. Bought at the 50 day moving average and sold when it closed below. Had a percent or two loss in each trade. You've got a nice looking candle for today and price closed near the high. The price didn't like it above the 50 day moving average though and pulled back just slightly. MLNM needs to get above the 50 day tomorrow or I think it will pull back. There wasn't enough volume today to kick it over. Keep an eye on it and don't let any losses mount. If it doesn't work out in the next day or two, we can always come back to it later. I'm out of it right now. stockcharts.com[h,a]daclyiay[d20040518,20041018][pb20!b50!f][vc60][iut!Lp12,3,3!Ll9,14]&pref=G dabum

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