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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Chip McVickar who wrote (38587)	10/25/1999 2:17:00 AM
From: Bull RidaH	Read Replies (3) of 44573

Chip, Often with this pattern, when it occurs after a lengthy uptrend without a pullback, as GE has... Is known as a "Bearish Last Engulfing Pattern", with bearish implications . Confirmation would be if it trades deeper than 50% into the body of the weekly candle, and a target for the decline would be 2X the length of this last rally. Regards, David

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