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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: The Ox who wrote (3602)	8/12/2014 5:01:57 PM
From: Robert O	Read Replies (2) of 8239

So Ox- others, when there is a big 'wipeout' during a daytime conf call like happened in KATE as it hit a recent high then sold off HARD on narrowing margins CC... from a Technical perspective cant we [attempt] to predict price action tom.? might one expect selling pressure to dip it once more in a.m. but then recover a few points? that’s the paly I am thinking about just based on so many other instances of this type of pattern. The alternate pattern is a very brief spike from the open perhaps a point or two then right back down to a flatline then steady drop during day. also, virtually axiomatic, is ther value to rembering often if the marker makes a very large move say near 3% up or down often somewhere during the next day you will see a 1/3rdmove (1%) the opposite direction the next day. what is your take after watching so may similar fact patterns play out? id like to take a stab tomorrow. super tight stops always the watchword on these plays! RO Kate Spade & Company (KATE) 29.00 9.87(25.39%) 4:00PM EDT

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