Trading strategy: We must take gains on stocks when we get the daily DMI sell signal and it is confirmed by the 60 min. sell signal. This combination is very strong and leads to at the very least a shake out that will give us another buy signal later or at the worst a permanent top. Don't be greedy. Once a stock is up over 14% this sell signal is good.
Stock: SNDA
SNDA looks very good but we must wait for the 60 min. buy signal. Alligators only!
Thursday, May 1, 2008
Time 11:40
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