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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	10/22/2005 12:34:02 PM
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WHAT ARE MARKET FLOW LINES TELLING US NOW. stockcharts.com[g,a]dacayyay[df][pd70,1!d70,2][vc60][iub14!la12,26,9!lc20][J56527989,Y]&listNum=24 After viewing enrons fall and getting a feel of how flow lines work you can see that the dow has givin use several bearish signals with the low crossings of the past several counter trends. The present flow lines have several posibilitys and one is that the black line will be the test line if a low crossing is used again. But in the case of enron low crossings was not the case and in fact exact center crossings was the norm. The purple line is near the exact center and has been tested twice. This is a signal. By looking at enrons decline the drops had multiply tests of the flow line that crossed the near exact center. I am suggesting that the present decline of the dow will have a bottom on the purple line but that there will be other tests of this line before the actual bottom is in. These a just my opinions and observations

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