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Strategies & Market Trends : DAYTRADING Fundamentals
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To: TheStockStalker who wrote (12117)3/3/2001 1:33:19 PM
From: Wayners  Read Replies (2) of 18137
 
I think the problem with the only buy the new highs strategy is that the majority of suppossed breaks to new highs are false and quickly reverse and at a minimum retest the old highs and I'd say more often than not go down further. That new high to me is the dinner bell to take profits.
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