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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (41888)	3/1/2000 11:17:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

MW: My shorter and longer-term intraday indicators on the COMPX and SP Emini are signaling sell. Couple that with the bearish formation and I take the percentage play. Of course, we both know nothing is 100%. That is why we should all have exit strategies to minimize loses when we are wrong. (Plotting both support and resistance trend lines and price action areas are part of a exit plan.) For now....I am holding onto the plays that are based on the expectation for the NAZ to turndown until my entry points are hit. I knew my risk going in, because I set the limits of the loses I would allow. The COMPX is finding some support above the upper trend line of the rising wedge as I type... Regards, LG