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Re: fratboy72 post# 11660

Friday, 08/04/2006 3:10:19 PM

Friday, August 04, 2006 3:10:19 PM

Post# of 35788
Pretty much just add that by 10:30 the low of the day, LOD, is usually in if one is thinking about buying. Now wait to see if the price goes higher in the afternoon.

If the LOD is broken at anytime then don't buy as the stock will trend lower still unless news comes out in the afternoon.

If the stock trends higher and looks like the LOD is not going to be under seige then ok to buy. JMO.

The 9:30 rule is on an uptrending stock and it gaps down or falls at the open look to enter around 09:35 or so to catch the dip from there it should go up, trend higher, and use the 09:35 low as the LOD trigger for pps direction for the afternoon session. JMO

Then there are the magic boxes and landslides etc. and candle formations etc.. All good to know and have in the bag of tricks. Not to worry guys we go higher 2nd half of August. Keep watch for the magic box it too is highly accurate.