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Old 07-31-2007, 04:53 PM
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MP Rule 1: Don't Fight A Coil Break -- 'Go-With' It
No matter what your bias, no matter what the pattern you see, no matter what your indicators say --- when a market has formed a tight equilibrium at the VWAP level: once a market has broken away from this level, keep your trades in the direction of the coil break.

http://bp2.blogger.com/_5h-SWVGx6Ms/...Coil+Break.bmp

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