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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: NW_Trader who wrote (24444)	7/19/2001 5:16:07 PM
From: NW_Trader	Respond to of 59879

FMI: This month's Active Trader magazine has a cartoon strip (called On the Job) where a fellow is sitting cross legged next to his monitor, chanting "Ohm...ohm...". His friend asks "What are you doing, aren't you in the middle of a trade?" The fellow's reply? "I'm putting in a mental stop." A metaphor for trading today. Still in ASTM position from this AM (and earlier one as well), STEM, and 1/2 short position of NVLS. Actually pulled the trigger a couple times, but felt conflicted throughout the day. Shouldn't be trading like this. NVLS almost got to my mental stop and reversed (at about the 50 dMA and still a 1.5 profit). Today's ASTM did hit my stop the final minutes and I cheated, rationalizing that the L2 looked like support coming in. "Ohm... Ohm..." CYTO and SBUX should be getting close to reversal, SBUX fooled me today. AKLM as well. Will be working on pruning a new watch list tonight with some new scans. I hope. Tomorrow is another day (how original, I need a better affirmation, for sure). Peace and Justice --- Patrick EDIT: NVLS down ~ 2 in AH trading, other semis and MSFT reports must not be encouraging.