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: chowder who wrote (8698)	3/28/2006 11:54:21 AM
From: sixty2nds	Read Replies (2) of 13449

Professor dabum3, a critque please? Subject WTSLA, Time Frame ST-IT trade. ST assumes I get stopped out. Does one wait, letting Price take out the June/July 2005 high of +/-$7 or enter long at $6.16 which takes out todays high? I'd propose enter $6.16. Stop order +/-$5.75 1st sign your on track upside target +/-$7, that 2005 high. Two reasons I'd go now vs wait for $7...1. A Volume Reversal day 11/2/05 followed by the Fade. 2. Strong upside volume first Quarter of this year. I'd be on the prowl for +/-$9.50 with a chance for more.

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