Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Threei who started this subject	10/29/2001 6:32:57 PM
From: chris-	of 867

Play of the Day realitytrader.com Today I go over the short into resistance on a downtrending stock trade on Siebel (SEBL), including scaling out into congestion as well as into faster selling phases of the trade. With today being a rather choppy one early for us, we were more into capital preservation, rather than aggressive profit motivations. This review will show you how we did it. The last 1/4 of the position was taken home as it's downtrend continuation signals were present into the close. However, there is one thing that gives us less confidence in the trade for continuation, but you have to listen to find out :) Trick or Treat. Respectfully, Chris

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