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Strategies & Market Trends : Chart Formations

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To: Casaubon who wrote (845)	10/16/2005 10:37:14 PM
From: Casaubon	Read Replies (1) of 967

ENER stockcharts.com[h,a]daclyyay[dc][pb50!a32.13][vc60][iUb14!Li14,3]&pref=G well, it looks like it found that lower support level at $32.13, I think. GULP! Next time, I think I will be much more aggressive when the advance block pattern emerges. Keep in mind that the big picture pattern in play is the cup and handle. Identify the pivot and use a 7 to 8% stop below that level. Using this methodolgy, there is absolutely no way for me to take a loss on this stock, at this point. I have given up some gains but, I would never let this stock go from the profit to the loss ledger.

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