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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (34679)	4/23/2002 3:56:16 PM
From: Monty Lenard	Respond to of 52237

Brooke when they gapped it down above the low of yesterday I went long and sold about 10 min later. I knew it would have trouble at the gap so I took what it gave me. The quick and the dead you know. I see I would have given back my profit if I had stayed in it although I did give up some on the topside when I sold. The first and last are the most expensive. Monty

To: TechTrader42 who wrote (34679)	4/23/2002 4:10:39 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 52237

Brooke, I see SBC still stayed above yesterdays low on the hammer. The gap down was the set up until it did not do what it was supposed to. YOu know I anticipate what CAN happen based on the formation and exit when the formation does not act as it should. There was only 2 things that could happen with the downgap.. It goes below yesterdays low and I am out or it does what it did and I make some money. The odds on the hammer formed yesterday because it gapped down yesterday was too good to pass when it gapped down again today. Monty