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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (475)	5/14/2008 2:19:20 AM
From: jjstingray	Read Replies (2) \| Respond to of 3209

I think if JPM can make it back to the top of that wedge, say at $50, I think it is a hell of a short.

To: Perspective who wrote (475)	5/14/2008 8:08:06 AM
From: AllansAlias	Respond to of 3209

AA did the business. See "Bullish, intermediate term at least, Alcoa (AA) chart" for wider context: Message 24571440 Here is the price action, highlighted in yellow, since the last chart was posted. One of the really hard things is the difference between TA and trading. It is quite straightforward to see a solid TA setup, but it is much more difficult to trade it. One can so often be right, but end up getting taken out in the trade. You look at this AA breakout -- very little backtest of the breakout. Other times, one will see a deep and protracted backtest. This makes it tough to know when to get on board.