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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (25408)	11/10/1999 1:37:00 AM
From: JD	Respond to of 108040

CLRS Just been playing intra-day swings, long term I have no idea. Found two MM shakes that hit the usually reliable "fib" retracement target zones. Vol. started coming in around 2:30 Mon. afternoon. Price ran from 29.5 to almost 40 this AM (8:40). Gave back around 2/3 of its gains (roughly 7 out of the 10.5 pt. gain) and I first bought just under 33 this AM (SI down). Sold 1/2 when rally started to fizzle at 37+, but when I saw 37 holding bought them back. Sold position at just over 41 when bid started dropping (I also use some tech momo indicators on AIQ 1 min. chart to help with buy and sell areas). Bought small amount @39 5/8 when vol. started rising around 12:40. Sold @ 42 9/16 when vol. and price started heading down at 1:11. Final buy (easy to see on 5 min. chart, price had gone from days low of around 32.5 to high of 43+. 2/3 of this 10.5 point gain gave me a buy in target around 36.5. Sold most at 39 before close because I couldn't answer your question which started this diatribe in the first place!! MyTrack performed great today with quick fills. Jerry