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To: ajtj99 who wrote (38517)5/8/2002 10:58:44 PM
From: ajtj99  Respond to of 209892
 
I want to correct my gap reference. I mentioned we need to test the gap at 1595-1600, but what I meant was the top of the gap at 1625. The gap extends from COMP 1595-1625.



To: ajtj99 who wrote (38517)5/8/2002 11:31:21 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
* A wiggle post *

Personally, I am not deviating from the swing-trading plan, but I may be tempted back into my old wiggle-trading ways for a quickie. I see two opportunities in the wiggles, neither of which involves buying tomorrow if we gap-up and then fade to the gap:

1) If we gap up tomorrow, short it, wait for the first a-b-c, get out, and then enjoy the rest of the day doing something else.

2) If instead we fade, buy the dip at support that would be logical for this immediate move to continue -- this is the "buy the 4 of A" strategy.

At the next levels of wiggles, over the next days, if we trade down and there is the hint of fear that this will all melt away, a wiggle long is worth a shot -- this is the "buy the B" strategy.