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Strategies & Market Trends : trading the QQQ
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To: bernard rogers who wrote (408)2/22/2002 9:13:48 PM
From: hypostomus  Read Replies (1) of 714
 
From my viewpoint the trouble with the 10:15 trade was that the trend was down in the 5 minute chart (75 ma in 1 minute). The 11:37 trade ordinarily would have been good, IMO, as it was the third leg in a morning bear flag. However, that second leg was a little squirrely. Interested we both got suckered by the third trade. I took it at 1:27, long at 33.40, closed at 33.32. That trade gave me a new rule, so it wasn't a total loss. After that I had a computer crash and missed the afternoon fun.
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