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Strategies & Market Trends : Paint The Table

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To: Augustus Gloop who wrote (21918)3/26/2002 9:28:11 AM
From: Don Pueblo  Read Replies (1) of 23786
 
I look at the COMP daily linear bar chart and I see what looks to me like a sine wave that is degrading into a flat line. To me, that suggests we are at a support/resistance level that can be difficult if not impossible to interpret successfully.

I can be "right" and lose money, and I can be "wrong" and make money. My goal is to exit every trade with a profit.

I think we will bounce off 1786. After that, if it happens, I'll be able to better predict a subsequent move. If it doesn't happen, that will tell me most of what I need to know anyway.
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