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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (7086)	2/9/1999 5:34:00 PM
From: Rashid Garuba	Read Replies (1) \| Respond to of 59879

Chisy, Bought a couple of books a while back but they didn't cover the mechanics of shorting because it is not enough to devote a book to. www.pristine.com has all you need on shorting in their education page. Any good TA books cover chart tops extensively. Resistance areas become supports... etc. High flying stocks rarely fly for more than 3 days. The first day that looks to be closing red is a good short. Also know the story behind the run-up. Intraday stochastics useful to short the peaks. AMTD was a glorious short at 120 due to a combination of factors.. Overvalued, Govt. action against online brokers, and of course, a very well timed weak market. So anytime you see a stock that doubles in a week, you have not missed out at all... you can always give in to the DARK side and do well while others keep thinking the stock will go up forever. Also remember to take the easy points. Rashid