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Strategies & Market Trends : Technical Analysis - Beginners

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To: Mel Long who wrote (8738)	9/30/1998 10:34:00 AM
From: David R. Evans	Read Replies (2) of 12039

Hello Mel, NO!!!! The fact that a stock has gone down 50% does not mean that it will now go up...... NEVER, NEVER, NEVER buy a stock with that type of logic.... When a stock is going down it will establish a down trend that is very hard to break out of... Why not put your money into stocks that have already established UP trends???? The chances of them continuing their journey up is much greater then a stock already down 50% establishing a new trend up..... When you look at the charts, look at a weekly chart and see where price is heading.... If the weekly trend is up, chances are the daily will follow.... When the weekly is going down, move on..... Dave Evans interactive.net

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