| Is there any way you can remain
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| | we are at the same levels on the averages
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| completely safe from taking losses in the
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| | we had when we started. What was the
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| market? No, but you can sure pare down
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| | trend? See, there really was no "overall
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| the odds and make it a lot more in your
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| | market trend". We were basically
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| favor. Likewise, it's foolish to think
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| | directionless and getting tossed around
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| you cannot make money in literally any
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| | on news, hopes, fears, anticipation etc.
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| market environment. If you look for
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| | Yet during those periods of upswings and
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| leadership, good chart patterns and time
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| | downswings, there were "mini" trends
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| your entries well, even in a raging bear
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| | forming.It's those mini trends that
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| market you can still go long with
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| | produce profit or losses for you the
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| success.Obviously that is "fighting the
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| | investor or the short term trader. Get on
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| tape" right? Absolutely. It would be more
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| | the wrong side of that mini trend when
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| profitable to be short during a down
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| | the market is falling and you will be
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| market time frame and easier to do too.
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| | trapped in losing positions that could
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| We have many readers that simply won't go
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| | get really costly. Likewise going short
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| short or buy "put" options. So we try to
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| | when the mini trend is "up" can add some
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| show that if you are careful and do your
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| | gray hair to your head quickly. So
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| homework, you can go long in a bear
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| | naturally, correctly identifying the
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| market. But fighting the tape is the
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| | mini trend is the first step in playing
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| wrong way to go. So, for the first
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| | safely. If the trend over the short term
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| installment of our mini series, let's
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| | has every appearance of being "down" then
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| look at the tape, and where it comes
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| | you don't want to be loading your boat
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| from.First we have to be aware of the
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| | with longs. Sure you can still pick off
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| overall market "trend" and we want to
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| | the leaders and the breakouts, but you
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| take a moment to clear up just what a
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| | will have to be very fast and very stock
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| trend really is. Remember a few up days
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| | specific. None of this "buy em all up"
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| is not a bull market any more than a few
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| | mentality.On the other hand if the mini
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| down days signals a crash. Markets go up,
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| | trend is up, you don't want to be holding
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| markets go down. Our main priority is to
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| | a ton of shorts, or missing the boat by
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| try and figure out which way they are
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| | only having one stock in your basket.
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| going for the longer term, not just
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| | Both are costly mistakes. So again, job
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| tomorrow. There is an "overall trend"
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| | one in playing safe, is always going to
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| like the downward one we have seen in the
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| | be to try and place yourself on the
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| NASDAQ for over a year, and then inside
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| | correct side of the tape. Long in a bull
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| that overall trend there are smaller
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| | mini trend, short in a bear mini trend.
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| "mini" trends. For instance, the lows hit
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| | Remember the old adage, "only salmon swim
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| on April 4th, 2001 to about June 5th,
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| | upstream, but then they die". Likewise
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| 2001 were a "mini" uptrend. The NADAQ
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| | fighting against the tape is a tough way
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| gained something like 40%.Let's suppose
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| | to go. So how do we find and identify
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| we are looking at a scenario like this:
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| | these little trends? Well certainly our
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| We are in warnings season and the market
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| | job is to try and weed them out for you,
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| is really nasty. Volatility reigns, and
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| | but you too should be doing your own
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| we are trading sideways to down. Then
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| | homework. What we use is support/
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| finally the warnings start drying up, and
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| | resistance lines, overall "mood" of the
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| they focus more on perceived "good news"
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| | market, and significant changes such as
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| and the market starts moving up again,
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| | rate cuts, earnings seasons, etc., all of
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| into the actual earnings season. Then
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| | them lead towards the formation of mini
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| after earnings the market settles back
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| | trends.
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| and drifts lower. Now, its mid-August and
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|