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Posted by Dale Legan on May 15, 2006, 12:38 pm
Since UMT put his insult of my work in quotes and said please 2 times.
I'll answer the question about if the expected Cycle Inflection Point
on the 18th in Cocoa is a high or low.
In the past I've said I only cover cycles greater than 11 days and
prefer 21 days or greater.
Coccoa has been going up for how many days? So the expected direction
of the turn is?
But, I am hesistant about posting this because on that date it is
entirely possible (30%) that momentum will be + and although my method
would not give a sell in such a case. I'd have to deal with the "Dee
Dte Dee" (mind of mencia) brothers uninformed flames..
Cocoa so far has held support today. Risk reward at the presend price
is bad. I'd bail on any day trades..Basically covering commission.
A sell on a retracement over the next few days is a possiblility. Just
wait for the correct momentum setup and form the entries and stops
according to a money management plan.
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