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[EquisMetaStock Group] How the Nasdaq bottom was entered



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OK, let's look at it as traders.  The Nasdaq is down 11% from its 
2150 top.  It has just taken it in the nose for -70 in a days time 
(March 22), then it trades in little more than a 20-point rang for 
three days.  You look at your chart.  You DO have a continuous Nasdaq 
chart to look at, right?  Nice three day flat.  Now what's tomorow 
going to bring.  If it opens down, have a long breakfast, it it stays 
flat, have a long breakfast.  But no, it gapped, then rose.  The 
chances are so great, at -11% and after a 3-day flat that it will be 
a stong all-day-upper that this first hour of the day is a mandatory 
entry point.  There's no waiting for a confirmation, no screwing 
around with crossing moving averages, pennants, volume 
considerations, economics, earnings, PE, waves, bands and all that 
other crap.  You enter the market, on the spot, with some depressed 
techs - at the safest possible place - at the bottom.  It's just that 
way.  It's so easy if you know the rules, have the experience and 
guts.  This is not an opinion.

We talk about stuff like this at New Breed.

http://members.aol.com/davetrends



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