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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (50613)	8/19/2002 10:23:58 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Instead of just covering IBM, I should have gone long. It's a tough thing to do, but in retrospect, I should have seen it (i.e., before the follow-through to the upside). We talk a lot about Hound signals and that was surely one. Here we had a long period of sideways that broke to the upside. Tons of shares traded hands in the sideways and tons of new shorts were born. When it broke to the upside I should have had more respect for the squeeze potential. It really bugs me how we learn the same lessons many times. -g/ng