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Politics : Welcome to Slider's Dugout

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To: sixty2nds who wrote (8608)3/20/2008 10:21:26 AM
From: SliderOnTheBlack  Read Replies (4) of 50692
 
re: [">>>>>>>Ruthlessly enforce your stops<<<<<<<<"]

One final-final thought there:

Most traders spend 10 x more time on thinking about
where to buy...where to enter - than where to sell
and take profits.

Atop any significant run - you must always
be constantly asking yourself -

- who am I going to sell to?

-- and what will be the catalyst to create that desire to buy?

If the story starts to wane... if key fundamental,
and technical price points begin to be hit.. you have
to be in the anticipation mode and not the reaction mode,
because the corrections here - are, and will continue to be
- brutal.

Focus as much, if not more on anticipating profit taking events
- versus having to react and getting forced/stopped out.

Nothing epitomizes following the puck vs. skating
to where it's going to be - than that.

SOTB

Okay TA'ers get out your magic bullets:

... where's she (the HUI) stop?

1. A turn here with a close over the 434 money line
today/tommorrow?

2. Old high of HUI 400 becomes new support?

3. Back to the battle-tested support/resistance line
of 370-380?

4. The August 2007 Yen-carry shakeout lows of the HUI 280's?
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