Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Paul A who wrote (3890)	1/16/1998 9:22:00 AM
From: TATRADER	Read Replies (1) of 7396

Paul, remember a cardinal trading sin: 1)You sell a position too early, you see the stock move up, by your emotions you are pulled back in....I hope that wasn't the reason for your re-entry into FORE... Remember, when I last posted to you, I told you that you were entering at the bottom of a pattern, where many traders enter a position....That was a good move on your part...At that time I was entertaining the idea of a short, only if there was a confirmed break in the pattern...FORE zoomed down, but then zoomed right back up on the same day...I do not go by intraday breaks of patterns, only end of day to determine if pattern has been broken... My opinion on FORE is this, I don't see it making 18.00...Profit taking has already come in at the 17.25-17.50 area...You are now in a trading range...Shorting areas are now 17.50, and 13.75 on the downside...Good luck...Mark

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