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At 21:30 8/13/98 -0600, you wrote:
>Weekly trend down, daily trend is down, 30 min trend is down, 5
min trend is
>down, tick trend is down, and there's a well-formed H&S top
in the 5 min charts
>which broke down in the closing hour. Unless one is
RipVanWinkle, I suspect the
>trend is down.
>
>Earl
Could not agree more, markets trend and trends persist. But... the
surprise if any is on the upside. That's the question I ask myself
always:"Where the "surprise" could be?". Especially
helpful, when things become too obvious. Again, I agree on trend
direction. Hedging or stops would not hurt. Since we have plenty positive
"hidden divergencies".
Profitable trading or abstinence to you all,
+
Yuri
Vancouver, USA
Festina lente
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