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Buyers were falling over each other to buy the dip at open yesterday. Which indicate lack of follow through selling. The late reversal lacked selling punch. Buyers more likely to try their luck again.

Which brings us back to the sideways range scenario...


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How to use IBD sector table

IBD Sector Leadership Part of the IBD philosophy and method is based on sector momentum. It looks for growth/momentum stocks in top ran...

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Understanding the IBD setups

Essence of IBD setups Everyday IBD publishes this box. Study it in detail. It is the essence of IBD setup idea. The first setup is ...

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Personal Effectiveness Blog

As there is lot of psychology related discussion on this site which is not directly related to trading, I continuously get emails and requ...