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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5735)	10/7/2005 7:02:09 PM
From: chowder	Read Replies (2) \| Respond to of 13449

I don't know the chances of filling the gap, there are actually two gaps. (Noted on the chart.) I try not to create an expectation because that closes my thinking and slows down my reaction time. In the case of CHK, I note that it has some resistance to work through and come up with a strategy to deal with it. In the case of CHK, I would use a strategy known as tracking the lows which I explained in my previous message. I would use this strategy since price is so close to the gaps which are now resistance and need to be worked through. I don't see enough upside wiggle room to use any other strategy other than selling Monday's open and I don't know if that's a viable strategy until trading starts on Monday. stockcharts.com[h,a]daclyiay[d20050707,20051007][pb50][vc60][iut][J60438349,Y]&listNum=1 dabum