Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 672.07

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4:00 PM EST

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From: MACD X	8/29/2007 5:00:28 PM
	of 39683

Hello Dr.Stoxx and others, take a look at HUM stockcharts.com Recently I was introduced to the 13 , 34 weekly EMA trading system used by John Murphy of stockcharts.com Below is a film clip to introduce yourself to the theroy and line of thinking. screencast.com after watching the video I looked at stocks in this way and the chart above has the 13 and 34ema applyed to it. The thought is to look for stocks that have just broken above the 13ema and has had a trendline break. Also look for stocks with a recent high volume sell offs [large red candle] The above chart is such a choice.. Because it is a weekly charts, stocks should be picked on Friday or Monday so that the candlestick in progress doesnt change. This one is being introduced on Wednesday because price is now testing the 13ema now and a better entry may be available if price will stay above the 13ema until friday. Only pick stocks that the 13ema is above the 34ema as these are thought to be in an uptrend. Use a exit stratagy if stock closes the week below the 34ema.

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