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Thursday, June 15, 2006

SHOO - 061506; 30-minute chart

posted by Tom C:

I discussed this trade earlier. I was "jittery" and sold at the 50% line (black line on the chart). SHOO recovered and ultimately rallied to take out the target (Fibonacci extension).

I left some money on the table, but still made a decent profit!



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Posted by Trader-X at 3:08 PM

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DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).