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Trading Reference Links
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The slingshot is traded for stocks and is described as follows:
1. Day 1: Stock makes 2 month high.
2. Day 2: Low of (1) is taken out by 1/8 or more.
3. Day 3: Buy if stock trades 1/8 above the high in (1).
Vice versa for shorts. It's a trend continuation trade.
You can get the book from Oceanview Financial. 800-797-2584
or 310-589-3165. I am not connected to them other than as
a paying customer.
Phil
ADB Trdr wrote:
>
> RTs:
>
> I noticed in an ad for Jeff's book that he discusses how
> to trade "slingshots". The entry setup that I have developed
> has been referred to as a slingshot. Having no knowledge of
> Jeff's work, I was hoping to hear from some of you that have
> Jeff's book as to what exactly Jeff means by a slingshot setup.
> I would be very interested to see if we're talking about the same
> thing. Names like these often get assigned to different types
> of setups by different people, so you can't be sure what they
> mean.
>
> Please respond directly at ninja96@xxxxxxxxxxxxxxx
> or you may fax the description to me at 1-316-331-1713
> if this would be easier. Thanks for your help!
>
> Kirk
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