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Thursday, 01/18/2007 9:10:51 PM

Thursday, January 18, 2007 9:10:51 PM

Post# of 162847
I must confess. I really enjoyed today's selloff in the last hour of trading. They say amateurs control the open and professionals control the close and the profs made it clear just how they felt today, did they not?

How much do you love the large red candle today? I love it the way I love a big juicy T-bone off the grill. I mean I REALLY enjoyed it. Nothing more beautiful than seeing an overbought stock get trounced. Buy low, sell high. Wise words indeed.

Note the long upper shadow (most bearish) and the close near the low of the day on volume. The next couple weeks will see many here who were too greedy to lock in profits writhing in the house of pain. The lesson to be learned is that one should trade, and never fall in love with, a pink.


http://stockcharts.com/h-sc/ui?s=FCCN&p=D&yr=0&mn=6&dy=0&id=p46867596849


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Consider all posts my opinion and not advice.

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