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  • Friday, July 15, 2005

    FRO Long

    Finding very little follow thru on anything today so far. FRO was taken long for a small trade at support area.Reasons for entry based on rising MACD on both 5 min and 13 min charts, had lots of support(orders to buy) under my entry,just had no real follow thru.Entered long at 43.12, sold all at 43.33 and 43.30. The market is holding gap support from yesterday for now, just a choppy morning, will wait for my trades before jumping on anything. I have a tendency to overtrade days like today, so I will adhere to my discipline in waiting for trades with several factors in favor of the trade.


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