Bottom (and Top) Pickers, Unite! Message Board

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Strategies & Market Trends : Bottom (and Top) Pickers, Unite!

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To: Teresa Lo who wrote (175)	1/25/2001 8:30:28 PM
From: drknowbody	Read Replies (1) of 214

When I trade I pay attention to both the fundamentals and the T/A. I look for a fundamental picture I like, and for the T/A to confirm it. Since November the fundamental picture in CCH1 had been favorable with concerns about the supply chain and a possible coup in the Ivory Coast, a major producer. These things started to line up as I said in November, however the price kept going lower. Since I am a speculator and not a producer I don't have time on my side. I cant afford to be right on the fundamentals but too early. I have to be right on both accounts. For this I use the charts. You can see that from late November until the end of December CCH1 based in a low level manner. This is sometimes a bottoming pattern. The gap up on the 21st cleared this base and to me confirmed my fundamental research so I took a long position. I got out at 900 the day before the big parabolic bar. Sorry I am not very good at explaining trades, Im not used to doing so. This is fairly similar to all of the trading I do, usually 8 to maybe 15 positions a year. I wait until all the stars line up. Thank you for putting the chart up for me. Theo

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