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I'm out - sugar went right to 529 indicating a w.3 breakout indicating a
possible rally to 560, then retraced 62% (514) of it without any
intervening rally which voided the breakout in my playbook.
Earl
----- Original Message -----
From: "Ira Tunik" <ist@xxxxxx>
To: <eadamy@xxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, March 08, 2000 10:05 AM
Subject: Re: [RT] Sugar: one screw-up turns out ok
> You have an intermediate target at 516 and if it gets through there
the top
> should be at 524. Ira.
>
> Earl Adamy wrote:
>
> > I do my share of screw-ups but manage to repeat them anyway.
> >
> > I've been watching sugar for a bottom on the daily and it's gotten a
bit
> > more interesting. Also, I liked looks of a possible cup and handle
which
> > appeared to be forming on the 30 minute. So when yesterday's last 30
> > minute bar climbed back through the horizontal red line representing
the
> > next expected consolidation area, I bought sugar.
> >
>
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