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Strategies & Market Trends : Charts & Scans -- Ignore unavailable to you. Want to Upgrade?

To: herry iball who wrote (1498)	4/4/2002 7:54:25 AM
From: Jeff Jordan	Respond to of 5125

Hi Herry, I agree the charts are looking better, I am still cautious about entries as they really are most important for successful trading. I trade a little differently than Ron as you see he is setting an alert for a confirmation of the turn. Where I would probably buy this low with a stop and probably sell my scalp to him?<g> I think the market is currently tricky right here for most longs, but as you know some of these stocks should only sell off so far before rational emerges. Today would probably be a good time for a small afternoon technical bounce with people being cautious into Friday's close? I guess that's why I just scalp when I see an opportunity because anything can happen from day to day. One always needs to watch the first bounce off a low....it is almost always the 2nd bounce that moves higher or sometimes lower. I believe this rule pretty much works in reverse at the top.