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: Bob V who wrote (754)	12/4/2004 7:05:39 PM
From: chowder	of 13449

Bob, I think AAPL is a perfect example of a 3-5 bar drop buying setup. I think AAPL is a perfect example of a stock in an uptrend, a series of higher highs and higher lows. Valez teaches that whenever you have a stock that meets the definition of an uptrend, as AAPL does, the stock is playable off a correction to the 20 day moving average, 100% of the time. The success rate for this type of buy setup is better than 80% according to their studies. What's even better is the risk to reward setup. It the pattern breaks down after entry and drops below the 20 day moving average, it's a sell immediately. stockcharts.com[h,a]daclyiay[d20040804,20041204][pb20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G I think this one will show up in my Stocks To Watch for Monday. Thanks, dabum

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