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Strategies & Market Trends : TA-Quotes Plus

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To: Richard Estes who wrote (4369)	6/24/1998 11:26:00 AM
From: Tom Halkar	of 11149

Good day Richard, I trust things are going well for you and your wife. Are you going to be speaking at the 3rd TAOTN conference? Would you or anyone be gracious and share your knowledge on determining a break in trend vs a correction in price using trend lines and support and resistance areas? Ex. The chart ( askresearch.com ) on AT&T has been in a up trend for sometime and has major support around $60. It broke that in MAY and I thought this would be a change in trend to the downside. It turns out to be a corrections vs a break in trend. What do I need to learn to draw the correct conclusion in the future? What are the things you do to determine a correction in price vs a breakout in trend? How much does volume play in determining trend? I truly desire to master this concept, because in my opinion it is one of the keys to successful investing in conjunction with mastering your emotions. Richard thank you for taking time to read my reply. I would appreciate any comments or insights that you would provide to me. Best of luck in your trading. Have a magical day!!! Tom The Windy City

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