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Strategies & Market Trends : TA setups-ex th traders

DIA 477.18

+0.6%

Nov 28 4:00 PM EST

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To: Todd C. who wrote (5632)	2/1/2005 1:06:41 PM
From: dfs405	of 7682

Yes- I picked TK as posted earlier as a possible falling wedge breakout- which it did do as hoped for- and now it is still strong and bullish at this point-it is breaking up from that pattern and has also put in a bullish double bottom with a higher low as the right side bottom- also very bullish--the wedge measures back up to the 54.75 area if a person has a stomach to hold that long - I probably won't - :-) RE: Yhoo- the trend is down and weak- a triangle in a downtrend is indicative that the stock will continue in that direction if it breaks to the downside-- the opposite is true in an uptrend - a triangle in an uptrend that breaks up usually signals for higher prices ahead-- we will see :-)

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