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Strategies & Market Trends : TA- Scans and System Tests

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To: Dick Brown who wrote (718)	6/20/1997 3:27:00 PM
From: Richard Estes	of 989

False breakouts are present in this market for last few months. But remember while I say a 2 day trade, it could be a 2 hours trade on some stocks. Not for investor, but hour by hour. A way to trade it would be buy at 1/8 above high if it occurs next day with a stop loss at previous close. Then sell could be set at 21 5minbar avg cross.

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