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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (5887)	4/8/1998 4:17:00 PM
From: shasta23	Read Replies (1) \| Respond to of 7396

HI MARK! Sorry for picking your brain but i'm not good at breakouts(actually right now i'm so good at anything...). Regarding LEAP...ok stochrsi(14) is low, MACD just crossed 0 and stayed, adx rising...i can see that. You come to your screen and you see that the stock already jumped this morning from 1 7/16 to 2, a nice 33% and then you enter. A lot of breakouts don't even reach the 33% level or double in a day. How do you determine that the stock will not pullback here(at 2 1/16) and you buy at the high of the day? I've now seen so many failed breakouts that i don't buy any but you did it here and in ACSC too. It can't be the simple 2 day above resistance rule which doesn't work all the time anyway(KTIE as example). I'm just amazed... stefan