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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Winegrower who wrote (8567)	5/14/1998 1:14:00 AM
From: Chris	of 42787

looked at km today.. weekly buy is now almost weekly sell. you might be surprised to hear that eh? well, basically, you must understand what a weekly price bar is. it is the net change for the whole week's worth of trading.. it seems like today's drop in KM has "changed" my weekly indicators/price bars position. it is now weekly sell. do note that any positive movement in km can move us back to weekly buy.. only after the week is over, (after friday's close) is the weekly price bar "engraved and permanent".. (this is part of the reason why weekly charts shouldn't be used for timing purposes).. hope i made it clear. basically, follow that buy stop plan.. sch -- traded this for a profit when it was abv 40 during the financial stock rally (ie: MER). currently weekly sell. but it's bottoming.. watch that 50 day ema right abv it.

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