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Strategies & Market Trends : Lizard King's Trading Swamp
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To: TATRADER who wrote (6469)4/29/1998 9:18:00 PM
From: JACK R. SMITH JR.  Read Replies (1) of 7396
 
Mark,

Thanks for your comments. I think I will get the book. I just ordered another $100 one today from George Angell. I suppose that I have gotten more than my money out of most of my purchases. One thing that I am discovering is that there is no "Holy Grail", but there is learning and progress. I have just gone through a period when I was a little "gun shy" and afraid to pull the trigger! I am over that now.

I am a person who tries to determine turning points within a trading day or two. Here are a few picks for you to look at on the upside. They are not $2 stocks, but close. ABCP,EGNS,IFCI,OBJS. I feel that these are close to an upward turn. More expensive stocks. BRL just bounces off support at 38 and headed for 49-50. May buy some call options on MRK tomorrow. Looking for 15 to 20 points. Waiting for Cocoa to top at about 1750 and will short when it hits. Will short Palladium in the next day or so on the september contract.

With no surprises, I am looking for the S&P to move back to about the 1200 area and I will short there. Feel much better now that we have had this little correction. Just waiting for the day when I am set up to daytrade the e-mini S&P at first and the S&P later.

Good luck and good trading!!

Jack
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