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Re: SchragerTrader23 post# 9475

Sunday, 06/24/2012 4:45:05 PM

Sunday, June 24, 2012 4:45:05 PM

Post# of 38376
Exactly where the price correction will end up is something that I let the market decide. When support appears to be in, I'll pick a place to buy using the hourly and 15-minute charts as a guide. When the Stochastics on the hourly chart (as well as other OB/OS indices) are giving oversold readings and there are indications of support seen in the 15-minute candles then I look for the most optimum place to buy. Sometimes only one or the other chart gives buy indications but the best buy signals are seen simultaneously on the daily, hourly, and 15-minute charts.

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