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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Galirayo who wrote (13985)12/22/2005 11:35:38 AM
From: Magnatizer  Read Replies (2) of 23958
 
Ray,

I like 16.05-16.50 for entry on MEOH. If one were ansy to get in using the downtrend from the early to mid 2005 highs would be a warranted entry position. Stop on this entry would be a break of late 03 to early 2004 uptrend. It was compromised this year but quickly recovered. If lost again this would make a good short.

The 16s entry would give MEOH and nice Inverted H&S formation. In addition, if it gets there soon enough (within 4-5 weeks) the accelerated uptrend from the October lows would not be compromised.

GG looks good but I don't see a formation I can use to define a entry and exit strategy.

Regards,
David
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