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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Casaubon who wrote (33401)	11/13/1999 11:44:00 PM
From: Fun-da-Mental#1	Read Replies (2) of 99985

Casaubon, wanna see a classic bottom pattern? Check this: timely.com and yes, I was invested in this. I bought at 6.30 and sold at 5.80. Okay, fine, nice save. But then I got smart and bought again at 4.20. Then I sold at 3.30. Then I bought again at 2.29 and I'm still in it! I bought in with the same amount of money each time, so amazingly I've managed to lose more money than if I'd bought and held all the way down!!! However if I average down now with the same amount of money and it goes up to 2.29 again, I'll have more than made up for my losses. That would be breaking LG's 3 strikes and you're out rule, but hey, it's so crazy it just might work. Fun-da-Mental

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