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Strategies & Market Trends : The Rational Analyst

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To: ftth who wrote (971)	5/26/1998 12:44:00 AM
From: HeyRainier	Read Replies (1) of 1720

[ DDIM ] Dave, Scenario #2 is a likely result if I'm able to open it at the 50 and the stock continues to exhibit a lack of downward pressure. I've learned to expand sharply upwards as my issues also expand; it's been a part of the key to my success this year, as opposed to averaging down, which was the key to my destruction in the past. As for Scenario #1, if the price moves to my target intraday and I'm getting volume, market/group strength, and other confirmations, then I will probably also open a position at that point. I have two entry criteria: either it hits the 50 or 89, or it crosses above the $16.25 level. It's an either/or situation. I'll be flexible if it doesn't hit the 50 or 89 because it probably means it's not going to be there again for a while. Unless of course I get whipsawed. Regards, Rainier

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