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Probable Market
Direction
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Monthly Commentary February 28th 2006
We were stopped out of our long position entered at 1325 on
9/20/6 at the close on 2/27/7 at 1399. We are now waiting to see
whether the drop on 2/27/7 will turn into a down trend (if we have a close below 1390),
or whether the next wave will be back up (if we have a close above 1460).
Update March 6th 2006
The close below 1390 on 3/2/7, means we are now short from
1380 on 3/5/7 with an initial trailing stop at 1460.
Update April 17th 2006
The close above 1460 on 4/16/7, stopped us out of our short
position for a loss and we have now reversed to long with an initial trailing stop at 1380. Always
let price tell you whether you are in a good trade or not.
