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

To: el paradisio who wrote (78985)	6/19/2001 3:13:44 PM
From: eichler	Read Replies (1) \| Respond to of 99985

El, If you have your short in place for DELL, looks like a good trade as it appears support on the chart is about to break. On the pennies, I have learned that it does make a difference if the market is trending down or up. If the market is trending down, best to step aside as the fakeouts are much more common than the breakouts. In an uptrending market (such as from 4/4 to 5/22), the profit opportunities on the pennies are too substantial to ignore (It is not at all hard to rake in gains in a single day what others would consider great for an entire year! And, we've already had two great rally opportunities this year!). Right now, I just wait until the picture improves again, don't care how long it takes. Just want to be ready when the inevitable reversal back upwards comes around. Best of luck, Regards, Eichler