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Strategies & Market Trends : The Dead Cat Bounce Theory
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To: SE who wrote (204)3/25/1997 7:02:00 PM
From: p. webster   of 1836
 
Because people get greedy, then get hurt. Hopefully, if you know where the resistance points are, you can do what I did -- watch it hit resistence and back off -- or plan your sale near the resistence & get out with maximum profit for the short term. HOPE will not get the price through a resistence point. When it's going up, it's not going to go up forever. But some people HOPE it will.
When Ray gives a really high resistence point, all bets are off, and your method is the way to go.
That's why. I saw it work.

P. Webster
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