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


To: vireya who wrote (13326)6/27/2008 10:45:14 AM
From: chowder  Respond to of 13449
 
Yes! Most short term traders are taught to always short the first attempt into overhead supply, as shown in the previous chart. And, they go in strong.

The second attempt, and sometimes the third, is also shorted, but with smaller positions.

Keep in mind, stops must be adhered to just in case you are wrong.