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Today's review of educated guesstimates for yesterday was most
informative both from the reasons given and the outcomes. I hope all
made money no matter their call. With the Globex going strong at this
time anyone long should be happy.
My low rebound concept of short duration observation took a beating
before it recovered to be in the money. Others had great ideas that
seemed fulfilled.
Another observation of short duration I have made for day trading is
that if six consecutive 10 min bars are above moving volume indicater
it is a good time to buy and exit if it goes below. The converse
seems true also. It can keep you in a trade for a long time with some
of these down trends and it was looking good on the end of day rally.
For the above reasons I see a continuation of the upswing whether it
be modest or large and an opportunity to catch it going up and
retracing.
Anyone else interested in participating in new and old ideas on ways
to decide on a position?
John
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