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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (12235)	7/16/1998 4:08:00 PM
From: Robert Graham	Read Replies (1) of 42787

According to your GET then 25 should be the target point that needs to be validated on the daily chart. Then if the directional and strength type of indicators look positive, then a person can enter at this point. However, if the 25 support is invalidate, be prepared to get out quickly. The more risk tolerant traders can anticipate the validation and play in advance of the anticipated reversal. I do not recommend doing this unless the trader is familair with the intraday price action of stocks and what this tells the tape reader, and the trader has worked out a proven strategy for this type of entry. Is the 25 a fib line or better yet a confluence of fib lines? Bob Graham

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