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Thursday, August 31, 2006

Mean reversion

AMGN was so technically efficient today. Long Entry (green bars) in the early part, then broke down below SuperTrend and Short Entry ( red bars ).

Lower MPD band to VWAP

Go Long when large volume picked up while prices remained below lower MPD band. Earlier penetrations didn't have large volume.

Target is at VWAP. 50 cent profits for less than one hour's trading.

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