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Strategies & Market Trends : The Ego Forum

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To: Mario :-) who wrote (12048)	4/28/2013 9:53:04 PM
From: hubris33	of 12175

>>>Daily chart suggest this may happen. Right now is a tad bearish. Bearish wedge right at fib retracement after nice several day run up, perfect spot for taking some profits for those nimble traders that entered at bottom. <<< Agreed. You no takey profits here, you ride the escalator down again and risk permanent paralysis, imho. I sold some PM positions into the run up on Thursday. I suspect we see either a lower low with potential positive divergence or a higher low. In any case the trade was buying the 4-sigma drop and selling into this run up here for a nice ST profit. Now we wait for a lower risk entry. But hey, wdik? btw - that is some nice TA work there Mario! Thanks for posting it!

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