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Re: cookie01810 post# 22463

Monday, 05/22/2006 5:03:15 PM

Monday, May 22, 2006 5:03:15 PM

Post# of 44374
cookie,

"MY TA says down further if no PR"

Please elaborate what that TA is, other than it went below the LOD and you sold because "you think it will go lower tomorrow without news."

"I bought and I sold--too many shares traded on a down PPs day"

Volume was average not higher or lower, how are you determining what too many shares traded for a down PPS day is? Were you looking for less than the two previous days or just less than avg.? How do you think that will affect price tomorrow? Is there a specific chart pattern you are looking at that caused you to exit because of the volume or is this just part of your trading plan?

I understand as a swing trader looking at today's daily chart setup you were looking to enter on the obvious price takedown from negative article and hold if news came or price and volume turned positive. Since neither happened, you sold and are now looking for a new swing trade.

You are obviously an experienced and knowledgeable trader who understands how to make money. If you could take the time to offer a little more substance in a few more of your posts, you will offer more to readers that way, both those who are on your level of expertise and those who aren't yet....

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