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Wednesday, 03/14/2007 1:59:14 PM

Wednesday, March 14, 2007 1:59:14 PM

Post# of 33904
curtsbs didn't get a chance to reply yesterday. When I trade commodities I do my own candles and use stochastics. I place my trades based upon the 5 day range. I place both buy and sell stops with-in the range so as to get in and out or short and cover. I can't do that with stocks especially pennies. I use an 8-21 chart to detect fast approaching movement and judge the direction via mac and rs. Then I look at long term charts to see if it concures that a trend may be in the process of change. That is when I use my gut. With NVGM it told me we can see a better buying op coming but there was a potential for a pop up as the 50-200 were merging even against the declining relative strength. Vol won out and as we see it is retreating. Now I look for support near .0065 but .007 could be the final paint. Hope this explains the "that" you referenced. That is why in my post 9413 I said we could get the dip

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