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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chris G. who wrote (7354)	12/29/1997 3:01:00 PM
From: Chandler H. Everett	Read Replies (1) of 12039

Chris......when I get signals from daily scans, I ALWAYS look at the weekly chart(s), one of which I think I gave you, to see where the particlular stock is from that perspective. I do it it that order, ie....daily to weekly, and once in a long while, monthly. You always get more signals than you want to act on from daily scans, and part of the process is doing the evaluations on each one to find a particular stock you want to work with. That still may not work, so you musy have a sell discipline in place WHICH IS INVIOLATE! If you then sell too soon, SO BE IT, and on to the next. That's why you get so many signals, ie....so you can forget when you jumped out before a good move, etc.... BW Chan

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