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Strategies & Market Trends : Chart Formations
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To: Casaubon who wrote (262)9/18/1999 7:57:00 PM
From: sean sanders  Read Replies (1) of 967
 
Casaubon,

GLG: I wouldn't be surprised if it dropped back down to the low on 4/7. It's kind of hard to read candles on charts like these when they look somewhat odd. When changing the chart to a weekly chart the candles look a bit better; although they seem to indicate that it will go down more ie a large black candle for last week.

I would tend to agree with you; you say your position is small and if ti drops below the 4/7 low then I would consider that. But perhaops if it goes lower it will do a dbl bottom and then bounce back up.

Sean
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