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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Caroline who wrote (1882)	10/15/1998 7:43:00 AM
From: SBerglowe	Respond to of 39683

It sometimes seems as though ledgermain supports the market. However, I do believe that "they" do not wish the market to go down. After all it is bad for business and morale. I would like to trade full time, but how can I afford to give up my assured income for assured risk? Rising to TC's challenge to find some BTTT type stocks I will offer the following which fulfills many of the criteria we are looking for if we concur that the market is going down and that is the trend. Of course the reality is that we are not in a trending market right now but are rather in a congested trading range market, albeit at the top of the range. I offer the following stock as a short, which I especially like because of the bearish divergence on the stochastics. I have a busy day, so will not be executing on this attractive looking trade (to me). timely.com Note that PG's chart has a bullish divergence on the stochastics, and that is perhaps why it has gone up rather than down. By the way,I do think next week will be Hard Down. SB