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10/23/2003 Archived Entry: "Another great chart.."
Added another good trade chart to the boasting web pages, see AMSC chart here. Here is the quote from my ProfitPoint newsletter at the time:
"If you are a scalper looking to short an overbought chart intra-day, consider AMSC near $14.50 .. But only if there are confirming signals on lower time-frame charts of course! You never want to step in front of a train, so wait for confirmation at that SK resistance level, for a quick short-sell scalp possibility. If there is no TRSI cross down at SK resistance on lower time-frames, there is no trade. Place a close stop near recent highs, and take a quick profit at short-term Fib support levels (to be determined intra-day). This is a scalp possibility, not an investment! Trail a stop at Fib levels, and get out on a sign of Fib support."
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