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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.03-0.1%4:00 PM EST
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To: yard_man who wrote (71664)3/10/2001 9:10:13 PM
From: Casaubon   of 99985
 
yes, it was a cup and handle. If you own it, don't sell. Set your stop at 8% below your purchase price. Ideally that would be at 8% below the pivot point of $17.5

edit: by the way, the link you included in your post is not a good timeframe to view that pattern. Try looking at a longer timeframe.

edit: a longer term chart makes me skeptical that this thing is going to explode, but the chart did just move up through a base.
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