Monday, October 6, 2008

What is my strategy?

So what is my strategy? The experts have spoken, I have listened, but must now act.

My strategy:
1. Wait for base formation. ST Eng seems to fit the criteria. Double-Bottom.
2. Wait for breakout (2.93 level)
3. Wait for MA, volume EMA and ROC to turn up.
4. Once the above criteria in place, I will enter long.

As they say, the waiting is the most difficult part, but that is what I will have to do now.

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