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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: hubris33 who wrote (8244)3/13/2006 8:31:10 AM
From: sixty2nds  Read Replies (1) of 13449
 
G'morning dabum3. I just wondered in. I trust you found San Diego pleasant. I'm a TC2000 user. I love the multiple time frames. I've been looking for a definition of what my style is evolved to. Thank you for the extensive resource list. I am working my way through it. I was struck by the following..."The difference between a novice trader and a professional trader is that a novice trader will try to capture the price low while the professional trader will try to capture the price point where the character of the trend changes".... How true. Been there done that. I really try to avoid those Knives. As you might know CMGI popped up on TC2000 Worden notes a few months ago. I didn't play it. I like my own setups. I did play CMGI on Thursday entering long at $1.46. I had caught on to "the news" of the insider buy early in the day on Briefing.com InPlay and watched it simmer. Now I will let it work. Stops +/-$1.30. Upside Target...unknown. Reaction this week to the $1.50 area should render useful clues. I may have entered early. It happens. Thoughts?
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