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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (4638)	2/4/2005 4:38:39 PM
From: Walkingshadow	Read Replies (1) of 8752

Yes, thanks. I agree follow-through is likely on Monday, so I am still long. LMIA short never triggered, but almost did just after 1pm. There was a failure at the 200 ema, but LMIA did not confirm the failure, and instead immediately rallied above the 200 after that. Good lesson there..... when stocks are trading sideways on the day near their moving averages, a break prior to 2:15pm often is not confirmed, and represents a bull or bear trap (depending of course on the direction of the break). Note the false start down just after 1pm. Not a very dramatic example since the daily volume on this stock is rather low, but still I think it illustrates the point: 139.142.147.22 So.... try again on Monday. The low of the day was $5.50. 139.142.147.218 I think a good short entry would be as soon as LMIA fails at the 200 min ema on the 1 min chart, confirms that failure, and prints $5.49. Since the 200 ema currently sits at $5.63, a print at $5.49 would be a definite short entry IMHO. T

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