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Byline: Christina Wise
Investor's Business Daily
With most things in life, you get what you pay for. Never is that more true than in the stock market.
If you go bargain-hunting as a stock slips into a correction, you may indeed turn a profit - someday. In the meantime, your money will be tied up in a stockthat is moving sideways or, worse yet, slumping as it contends with eager sellers.
By the time the stock makes it back to its old high, it has dealt with all that
resistance. There are few obstacles left in its upward path. That's the time to buy.
Watching and correctly interpreting a stock's price and volume chart can …