The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Michael Watkins who wrote (33821)	2/6/2000 1:48:00 PM
From: bdog	Read Replies (2) of 79232

Mike, I entered CAIR on 11/30 at a limit of 10.875, a 1/4 point above previous days high with a mental stop at 8.75, a 1/4 point below low when 10,3 stoch were oversold. It must have hit the M12 scan day before or was on watch. With that nice white stick it looked good. Everything was a go to me with 13CCI headed north along with 13SRSI, the 89,3 stoch bouncing off the 89MA, Force making higher highs with price, multiplex hit, blah blah blah. With a tech target of 14 that gave me a risk / reward ratio of around 1.4, not great but my other target was 17 which brought it up to 2.8ish. I sure was willing to take the trade with a 20% loss risk but hem hawed about executing it. She melted down and I should have exited on 12/15 at the open at 8.5 ish. The 13 RSI had broke an UT line. Just in time for gift shopping...>g< What do you see? Was there something I missed that was a major warning NOT to enter? Tighter stop? feedback welcome... blearningdog

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