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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: TFF who wrote (1109)6/13/1998 12:55:00 PM
From: Dan Celestino   of 2120
 
#Daytraders strategy,

If playing #daytraders stocks/hype, check your tick chart for the following.

1. flat line = ok to play, still early, buy no higher than 1/32,1/16th off base(flatline)

2. up 1/16th from base = caution, already moved, person who hyped already in and waiting to sell.

3. up 1/8th from base = last one to the party, suckers play , you are buying hypesters and his accomplices shares

If you must play hypester stocks

1. Wait for pull back to base, ride the second wave.

2. If feeling lucky, short 1/4 above base,

Dan
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