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Rick's Picks for: 6-17-2008

Hello, This is Rick Owner of Hit and Run Candlesticks "Trading For Profit"
Below are a few stocks picks for Tuesday and a few thoughts on the market.
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bill: out AMKR took gap profits

Rick: Rick... Pilled off enough profit to pay for the scanner today. Thanks for beating into our head about taking profit!!!

Rick S. Took ½  profits on AGYS & closed WNR.. I will look to add and buy both back tomorrow
Rick S. Also sold ½ XRIT near the highs

kathy: I have to say what I learned yesterday, that I put to work for me today, has really helped me see what a good entry means.  Entry has become my main focus, tnx
kathy: 7 out of 7 wins

Great Job Profit Traders!!
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6-17 Snap Back Hooks
ABP
AMKR
BECN
BRCM
CPWR
DAR
HIMX
LF
LSI
OSTK
QTWW
SVNT
TGC
TMR
TTMI
6-17 Pin Ball
BORL
DVAX
JSDA
MRNA
PFB
STSA
WCI
XRIT
S&P-500
Not close enough for a SWING LOW trigger but as far as candlestick signals go, Monday was a consolidation day, closing at the upper end of Friday's candle. It will not take much on Tuesday to pull the 2ema over the T-Line and create the momentum we are looking for.
The next upside target is the 34ema with a minor target of 1373.

Keep in mind we are still in an overall down trend, the T-Line is trading under the 34ema. This is only an upside rally in a down trend. In todays market we must take profits as the stock moves up.


Start watching for a buy signal
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we don't day trade
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See you all in our live Trading Room
Rick

sp 6-17
Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.