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Strategies & Market Trends : Swingtrade

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To: Eric P who wrote (311)	4/6/2001 4:45:43 PM
From: Brandon	of 336

Here is another trader ol Merlin found for me Eric, though I didnt play it the way he would have had me do it. swingtrader.net Erts was on the scans for 2minute chart basing near highs. However, when I looked at the hourly chart it was near the upper 13 period Bollinger Band and had an overbought look to it. What I have found lately is that when these come up to that area and then base for "too long" you can start to watch them for shorts. Generally speaking if they fall under the 20ma on the five minute chart (shown as the 50ma on my 2 minute chart) you can take a quick short. $100 bucks in about 7 minutes. if id been a little patient and waited say 12 minutes, that would have been over $300..but what can ya do! Thanks Merlin and Peedy!!! One thing I think the above example will show is that your product can be used in a variety of ways. Also, that its a tool for a trader..and a very diverse one at that. Brandon

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