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Consider this a follow-up to both this morning’s post discussing how to buy support plays for swing trades, and this post I did last week about the electronic medical records plays. Hey, at least you can’t say that I leave my readers hanging out to dry. At any rate, these plays have now consolidated, as expected. Thus, chasing them would have been disastrous. It is also a pretty good exercise in discipline, as far as identifying strong areas of the market, yet also being able to wait for them to come in a bit first. See my notes on the annotated charts below. Oh, and if you go ahead and buy these names prematurely, just tell ’em large Marge sent ya!
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I think she forgot about us. No volume today. Sort of like the rest of market.
Not necessarily a bad thing.
Simple is good. I like your vivid chart and succint daily entry set-ups…
Bull flag to 20 MA… Nice
Thank you