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Yeah, it was a good call, but I am worried about this "STAR" forecast:
Mercury is Retrograde until Oct. 22. During this period, the chances of
false breakouts and choppy whippy trading is much increased.
Will this breakout "stick" or reverse in this most horrible earnings
announcement season coming up ?
> -----Original Message-----
> From: Earl Adamy [mailto:eadamy@xxxxxxxxxx]
> Sent: Wednesday, October 10, 2001 7:04 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Re: whipsaws
>
>
> It was Simms who pointed it out but I did suggest that an upside breakout
> could be strong. I screwed up the whole thing, first missing the spring
> reversal entry at 105950 because I was fiddling with a couple of stocks,
> then bailed out of a perfectly good entry around 1073 when it corrected
> because I was nervous about another reversal. That's what I meant when I
> said 3+ weeks away from trading had ruined my market feel.
>
> Earl
>
> ----- Original Message -----
> From: <Scaletrade@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, October 10, 2001 2:18 PM
> Subject: [RT] Re: whipsaws
>
>
> > I think it was Earl who pointed out the descending triangle on
> the 15 min
> SnP
> > chart yesterday, and suggested that if it broke out to the upside, it
> could
> > be quite impressive. Good call. But I'm wondering if anyone got burned
> > trying to make the trade.
> >
> > First, in the overnight session, the futures traded above the breakout
> point,
> > then near the opening it dipped below the triangle, then
> finally it broke
> to
> > the upside for real. I didn't make the trade, but I'm afraid
> that by the
> > time the true move started, I would have been to whiplashed to jump on.
> > Anyone else with similiar feelings? Any thoughts to avoid, or endure?
> >
> > Larry Brown
> >
>
>
>
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