Hello Lester,I want to be a stock monger,The manipulator that gets all the money thru distribution.Thats good business.TW was a very shrewd business man.He found something that worked and stayed with it,he was a manipulator looking at the amount of shares he purchased.Thats where the big bucks are.We all start from square one.Last Jan. a friend called and said i should buy this stock called Exten EXTI He had been accummulating shares for about six months.He got the info from a retired stock broker who main objective was penny stocks.Dennis had aquired 150000 shares at a cost of 2-5 cents.I was right inT the middle of my TW course.Not knowing anything i did not buy.He kept calling because the stock was moving out of its bottom.Back and forth,back and forth but always edging upward.I finally decided to look at the chart. Four year base With a lot price action on the rise.When the stock hit thirty cent in March Dennis called to say,if the stock falls back to 20 cents buy a bunch because the retired stock broker told him it was getting ready to move up.Well,exti didn't drop back to 20 cents.In the next 10 days it spiked to $1.26.Then came the big time distribution.Dennis put in a sell the next morning and sold out at 110000 at a buck eleven cents and the rest at about 97 cents.Dennis has been in the market one year and 2 months. He has made $175000 to date with some other stocks.If exti goes down to under a dime,Dennis will start buying again.The stock is acc. again.He is now buying the movie production co.He said the market will move on this one just like exti.That when the Market Movers are ready.only this time he wants to be prepared with about 300000 shares.Have you tryed Stockprowler.com they have a new penny stock every week and some are TW type stocks.Take care Lester

Thanks for sharing Dennis's success, Tony. It is a clear example of following the style of trading Ted advocates. I note with EXTI the extended period that was available for investolators to get in and exercise patience. Time is almost always on our side during the accumulation phase. Definatly what is going to be one of the most important factors in stock market success is KNOWING WHEN TO EXIT! Many will fail in the markets for this reason- because they have given little attention to how to exit- and we have so much less time to initiate an exit than an entry.

http://www.bigcharts.com/custom/investorline-com/investorline.asp?sid=6046&o_symb=US%3Aexti&symb=US%3Aexti&time=12&comp=&compidx=aaaaa%3A0&country=US&draw.x=62&draw.y=1

To sum up Ted's exit setups-

1) After a fast rise of 200% or more.

2) On the breaking of the uptrend line.

3) After a fast rise out of a low quiet price range (ie: 100% rise in a month or less).

And keep an eye on the volume indicator!

Anyone ignoring the importance of exits need not be in the market at all. Dennis has shown us all how to do it right. Thanks Tony!

Lester.