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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Jenna who wrote (4560)2/14/2001 10:59:56 AM
From: Jenna  Read Replies (1) of 6445
 
We usually hold shorts parallel to long plays. (the strong sector versus the weak sector) If you look at the 5 minute chart of AVNX you can see where this play ended exactly at 10:10 coinciding with the end of the first reversal period. From there there was a shooting star (spike high long upper shadow) this signified sellers.. the next bar at 10:15 was the confirmation. Some elected to stay in part or most of the trade for possible later day breakout.
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