After much discussion about the unfortunate entry into the DNA trade, I am forced to reveal what I have been cooking for the last week or two. It is the use of the "Pivot point" and derived resistance and support lines for cautious entrance into a vertical trade. If you'd like, here is the theory behind it:
http://www.tradeology.com/pivotpoint.html
Now here is how I apply it using EXCEL, iQCharts and OptionXPress:
http://www.pathometrix.com/Movies/PIVOT.mov
And here is how we would have save some money on entering the DNA trade by avoiding premature entry with this system:
http://www.pathometrix.com/Movies/PIVOT1.mov
For information about joining the private Stock of the Day group, please send an e-mail to Paperprofit1@mac.com
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Sunday, April 02, 2006
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