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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: TripleWitching who wrote (82)	1/7/1998 7:43:00 PM
From: TFF	Read Replies (1) \| Respond to of 2120

ATML was a good case of this. The stock had been going down for days. COMS did a similar thing last month. Pays to watch daily charts:)

To: TripleWitching who wrote (82)	1/7/1998 11:20:00 PM
From: Ken Wolff	Read Replies (1) \| Respond to of 2120

Can that be the case today for RAIN they stated that they were going to miss analyst price by 1 or 2 cents, yet the stock was down 13 points today. I was thinking from one of your posting that this stock would fit into that category. Today we expected our dumpers (RAIN & ATML) to pull back from the open price, go down and make ONE bottom. At the first bottom, I advised experienced traders to enter the trade and take the profits at the first PAUSE after going UP. I also expected a higher percentage trade to be made at the 2nd bottom on RAIN. RAIN did make a 2nd bottom at 17 x 17 1/16 at which point we bought. The stock climbed up to 18 3/4 for a nice profit. Each trade has a scenario attached to it. One must learn or will wind up guessing and losing money. I have traded these methods for years and they continue to provide a very high percentage yearly return. Ken mtrader.com