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 (8873)	4/2/2006 4:22:02 PM
From: lexi2004	Read Replies (1) of 13449

Dabum...Thanks so much. You are always so helpful. I understand your point and it's a good one in regards to the stock going in the opposite direction of what you expect. Another stock I'm looking at is DCEL. Again, ascending triangle b/o. I daytraded it on the break above and then just booked profits. It has gone down since then. Now, is it your experience that often times when a stock b/o of a consolidation it often goes back close to that b/o area before it starts up again? I'm wondering if that's what's going to happen to DCEL or if the b/o above the top of the ascending triangle just didn't move that much and that's that. In addition, I've found that often times a stock breaks DOWN a trendline short-term, then when it comes back up ABOVE that trendline is has a significant move up - almost like they're trying to shake out the weak shares. Do you find that to be true? Again, I apologize for not being able to post charts, but my service is www.prophet.net that I like a lot but you can't post your charts here as you can with Stock Charts. Lexi

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