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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (246)	9/18/1999 6:37:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Casaubon, GLG ... remember when we were talking about springs awhile back? Well to me that hammer and decent volume day in GLG looks like what I would call a spring. -side note- There is kind of a decent difference between the bid and the ask; and I havn't played a 'penny' stock in awhile. But if I were going to trade it I would probably check to see what the open was like (make sure the market didnt crash or anything etc and then use a limit to try to cut the bid/ask (I like to shoot for right in the middle of them but sometimes I only get closer to the ask ie ... GLG is bid 1 8/16 1 11/16 so I would shoot for 1 5/8 probably). And then to continue I would either place a auto. sell stop below the horizontal trendline and then hope to rid it up to 2 or 1 15/16. what do you think? Sean