Chart Folder - February 13, 2003:


Afternoon Opportunities...took patience; and the belief that the MACD was trying to tell us something. 12:00 flopped...but the M formation failed, and we took on the W formation (well, it looked like a W to me).

Nice breakout over the middle of the W, we were above the M/A and we had the MACD starting to move up...that gave me a lot of confidence to take that trade. Then it broke the first hour low to take a second shot at staying with the trade; nice move up as it broke the 810.00 level.

Just think about what you saw and how you felt the market move today. We see this many, many times.

Marsh

 

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