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Strategies & Market Trends : Guidance and Visibility

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Jan 9 9:30 AM EST

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To: hotlinktuna who wrote (166130)	10/8/2007 9:26:27 AM
From: lexi2004	Read Replies (2) of 208838

Tuna, Again, you are more than welcome. It's amazing how these wee stocks we trade often hit TLs that appear to be out in space. PAPO an energy stock I've traded before is very low in price and it often would triple or more in a day and hit unbelievable levels. When I'd check back it was often a spike to a TL. IMHO it's important to learn how to draw TLs. Heck, I used to draw them all over and still do to a certain degree, but when you follow the rule of in a downtrend going from the highest high to the highest high BEFORE the lowest low and in an uptrend going from the lowest low to the lowest low BEFORE the highest high, you know that is an important way to draw them. I have a book just on TLs that I love; it's a shame they don't sell it anymore. Anyway, they teach you to take the low prior to the lowest low and then cross a high to get potential targets. Tuna, you've done great in the market doing what works for you and that's what each of us should do - find what's comfortable for us and what works, then get as good as we can at it. Okay, make big bucks today.:) Lexi

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