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To: bob wallace who wrote (28502)11/16/1997 10:19:00 PM
From: Autumn Henry  Respond to of 58727
 
Bob, thanks for the post. I have not forgotten the "recipe" for the spike and ledge and I just want to submit it correctly to you ...but the page is turned to there......

Bob, I always thought I was a real face up to yourself type person but this past l l/2 years have often been going to the core of self and seeing the potholes.......:)

BTW (it goes something like this) it is said somewhere that a master guru type only takes about l0,000 times repeating something to learn something better-- imagine how many times we mere mortals need to repeat then.......:)

Thanks for XLNX alert. A pet on the farm I have--ALTR it's sister flew up and usually little sister follows big sister. Love patterns. PSFT bounces (must be day traders in and out) big time intraday and it is interesting.

Don't know how you trade. Daily? For 2 points? Range?

I am daily. One point net minimum looking for. No overnight affairs....:)

Good luck this week.

Autumn



To: bob wallace who wrote (28502)11/17/1997 12:33:00 AM
From: Autumn Henry  Read Replies (1) | Respond to of 58727
 
Bob, yes, XLNX is good looking. I remember reading in a book the plus of a pattern like that is that is that when there is a gap and it doesn't fill that day and actually closes near the top of the bar......well, the psychology is that those short think.....oh, s**t, better think strongly about covering my short cause it looks like it is going straight up.......versus just the first day bar which was Fridays. I found that very interesting. That kind of bar makes a short mucho anxious. and being that it was on the bottom and we are maybe on a bottom retest........:)

I like LRCX for at least 36.... on Friday intraday bounce first at 32 3/4, next 33 l/2, would follow maybe to go to 34 (if we don't have gap up at open) and buy orders at 34 would make sense.

Got to be courageous. Thanks again for that money management post. I was embarrassed very much at first I will admit on several levels. But I have since felt better and am glad for the information no matter how I felt....I realized the intentions were good. I have thought about the concept now that I understand it for real (had thought I understood it on my own via books but didn't) I have been running it over in my head and it is a consciousness changer.

Autumn