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


To: hubris33 who wrote (13001)7/30/2007 8:35:47 AM
From: chowder  Read Replies (2) | Respond to of 13449
 
The weekly chart can influence the daily chart, but in this case it doesn't.

When using a daily chart, you are looking at a 3-5 day trade. It can turn into more than that if things work out, but initially, it's a short term strategy.

The entry should be made just above Friday's high of the day. The stop should be placed just under Thursday's low.