Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: sam_n_cctx who wrote (528)	11/24/2004 5:42:35 PM
From: chowder	Read Replies (1) of 13449

Sam, I was sitting right there when the shake and bake started. At the time, I couldn't determine if the specialist was running the stops or not. Since keeping a tight reign on stops is important to short term trading, I let my shares go. I have no regrets or remorse. I traded the stock according to a predetermined plan. We now have a hanging man pattern showing for the short term time frame. This is after a Doji from yesterday. These are two warning signs that we could see some profit taking. And, they have appeared on weak volume. What isn't known at this time is if the shake and bake was setting a bull trap or not. My objective now is to wait and see if TMR can rise above the 200 day moving average. I will wait until I have another buy setup in that price range. By then we should know if this recent price action is for real or not. Managing risk is important, even more so in a short term strategy. In any event, congratulations to you on your well timed nap. Very good work! <lol> You should have a nice profit by now. Not bad for a few days worth of work on a stock that is underperforming the market. stockcharts.com[h,a]daclyiay[d20040624,20041124][pd10,1!b200!f][vc60][iut!Lah10,30,5!Lc20]&pref=G dabum

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