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SyndicateTwo

05/10/09 1:06 PM

#454 RE: snake1 #453

What I don't think many understand about my 'charting techniques' is that there are two ways to look at a chart. If you are long a stock, such as our play in MRVL two years ago, you (I) are looking at the pattern setups differently because you are long the stock and trying to find places for shorting calls/buying puts against it. So, naturally you're looking at the most optimistic viewpoint of it and not so much taking into account the negative setups.

However, if you're trading a stock in a one way directional play either long or short and trying to pinpoint those entries for short term trades, then you have to take into account everything regardless of your opinion.

I know there were many times when a clear breakdown setup was being formed in MRVL and I was always looking at the positive in it such as indictor divergances. Again, that was because of they way I was trading it.

As for AET and TRMB, those were easy trade setups. I'm now looking at SOHU and a possible short/put on TRMB. But not until later this month or next.

There could be a triple on the puts on each.