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Notice Anything Different?

Thu Feb 24, 2011 12:09pm EST 3

(Below is an excerpt from a recent post inside 12631–A premium service available to members of The PPT)

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Unlike the past few months, this time around there is no real sense of urgency from underinvested bulls or panicky shorts to buy the dip or cover shorts after the past two days of the market selling off. You should take this change in psychology very seriously in the short-term, in my view. Although I have no doubts that we remain in a multi-year bull run, corrections along the way can be much more painful than we remember, seeing as we have just experienced a daily drip higher for the past few months that made a mockery of short-sellers.

The pockets of momentum longs are shrinking by the day, and the small cap oil names can only run for so long. In corrective markets, I tend to stay away from playing “breakouts,” as they have a propensity to fail when the market is shaking out latecomers and weak handed bulls. However, as a correction progresses, I will be looking for “support” plays more so, or names that simply are attempting to stabilize after a sharp sell-off.

While the market may pull off another v-shaped bounce to new highs, we have a proliferation of sloppy, if not broken charts, and change in market character.

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Freeport’s Dark Clouds

Tue Feb 22, 2011 4:01pm EST 5

Here is a video that I made for members of 12631 (A premium service available to members of The PPT) at the end of January. In the video, I detail the “dark cloud cover” candlestick pattern, as it applies to Freeport McMoRan. I also believe that FCX has made an intermediate-term high, and I am looking for some more weakness, followed by a period of consolidation.

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[youtube:http://www.youtube.com/watch?v=a9dAI_4_wVk]

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12631 Monthly Summary

Tue Feb 15, 2011 8:27pm EST 1

At the conclusion of just our third full month, the 12631 Trading Group has successfully earned its place among the most vibrant and educational stock trading communities available to anyone who has the desire to improve. Our commitment to extrapolate on The PPT algorithm and improve all of our members’ general PPT experiences has enabled some of the fresh faces inside The PPT to rapidly climb up the learning curve. Beyond that, many PPT veterans have found a second home inside 12631, as our real-time chat room is literally active around the clock with fresh ideas and analysis. We also recently added real-time email trade alerts for members who may be out of pocket or busy with work during market hours.

Going forward, RaginCajun and I remain dedicated to continuing to outwork our competition by building on the combined nearly 700 posts and over 100 videos that we have delivered to our members. Above all else, we have created a trading service that has a reputation for being aggressive, yet disciplined. Our members have rapidly improved in many areas of risk management, stock selection, and fusing The PPT algorithm’s search capabilities with those sound principles.

For as little as $25 per month, the value that we offer is sure to attract even more members to our already sizable community. The only question that remains is whether you will choose to take a proactive approach and not miss out on the journey.

For more details about our service, exclusively available to members of The PPT, please click here.

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Solar Powered Boom Box

Mon Feb 14, 2011 11:11am EST 1

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The solar space is breaking out from a massive symmetrical triangle on the weekly, as I illustrate on the ETF chart for the solar industry below, TAN. Many key solars, such as FSLR, have seen notable upticks in buying volume over the past few weeks, indicating accumulation by big money. For members of The PPT and 12631 subscribers, I made a custom PPT screen that makes searching for high probability long setups in the solar space extremely efficient and effective. Click here for that screen.

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Pin Action Plays in The PPT

Wed Feb 9, 2011 7:49pm EST 1

Finding “pin action” plays as a trader can often be a rushed, stressful, and inefficient process. You may see a battery technology firm beat earnings and trade up over 13% to next day, as RaginCajun noted in a post yesterday. When you see this happening in real-time, most traders immediately want to find names trading in sympathy with the big mover, preferably before they are off the races. Of course, if this happens during the trading session, you might think you know where to look, but every second that you furiously click through financial sites for related firms you know that you are falling behind the curve.

Enter: The PPT keyword search function. In literally less than thirty seconds, you can begin your research in The PPT Tools first and foremost with a keyword, and then filter all of the other parameters that the algorithm offers through only those firms who match that keyword. As part of our mission statement inside 12631, a Trading Group only available to existing members of The PPT, RaginCajun and I are committed to continuing education about all aspects of The PPT service, so as to make sure you are reaping the full benefit of your subscription. Below, you will find a two-part video series about this keyword search function that I made for members of 12631 last evening, serving as an example of the type of regular continuing education that we provide.

To learn more about The PPT, please click here for details.

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[youtube:http://www.youtube.com/watch?v=UL1CvEHN9OY] __________
[youtube:http://www.youtube.com/watch?v=rRk1RIUPuR8]

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Philosophy Behind Trading the Prevailing Trend

Sun Jan 23, 2011 7:49pm EST 1

{Below, you will find one of the first videos that I made this past November for members of 12631–A premium service affiliated with The PPT. Click here for details}

As the broad market appears to be weakening from within after a strong 4-5 month bull run, I thought now would be an appropriate time to really hone in on some basic tenets of the trend trader who respects the prevailing price action.

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[youtube:http://www.youtube.com/watch?v=Cpx7jX7oYEU 550 412]

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