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Here are some stocks that I think will change direction within the next
week.
MO:
Here I'm using money flow and Price setups. I just look at the chart
and saw a downward trend and said to myself buy stop at 40. Before I
buy I look at the money flow of that stock at that price and if its neg
cash flow I don't buy, if pos. I sit and watch the Dow and S&P to see if
going up or down. Money Flow was positive today. Also, just using
Price setup 40 is .786 retracement. First resistance I think 44.
IP and KO are at or about to cross there 50 day MA simple.
WDC- Hit its 1.618 ret (10.21)and bounced up, money flow today was +1.2
million and the next Time setup is suppose to be on Monday or Tuesday.
Also, SEG had a positive cash flow for today, I think it was + 7
million.
Lets see what happens.
Trade Well,
Joe Frabosilio
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