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Everyone was so excited about gold few days ago. Now see what happened. That is why think setup rather than hype. The setup idea that works in swing trading is to :
1 find stock with momentum
2 wait for it to pullback or go sideways
3 buy a b/o from that
That is your setup logic. If gold stock meet that then you buy. Don't buy based on someone predicting it will go up.
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Think setup not what people feel or say. Setups are:
1 breakouts
2 pullbacks
3 exhaustion
4 pivot
Bear Flag Scan - (XAVGC9
In stockcharts scan, the syntax for bear flag scan is as following:
[type = stock] and [country = us] and [daily sma(20,daily volume) > 40000] and [daily ema(9,daily close) < daily ema(20,daily close)] and [daily close < daily ema(20,daily close)] and [ [daily close > yesterday's daily close] and [yesterday's daily close > 2 days ago daily close] and [2 days ago daily close > 3 days ago daily close] or [[daily close > yesterday's daily close] and [ [yesterday's daily close > 2 days ago daily close] or [2 days ago daily close > 3 days ago daily close] or [3 days ago daily close > 4 days ago daily close] ]]] and [daily volume < yesterday's daily volume] and [yesterday's daily volume < 2 days ago daily volume] and [2 days ago daily volume < 3 days ago daily volume]
http://www.hardrightedge.com/tour/watch.htm
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