Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: stan s. who wrote (21147)	10/30/1999 12:46:00 PM
From: stan s.	Read Replies (1) of 108040

What an incredible week for the NYSE. Broke a severe down trend line that's dogged it since late July. Bulled it's way back over the 200 day ma...and for all the PnFers and traditional chartists, broke straight line resistance Thursday and followed up on Friday, creating by rote...a higher recent peak, marking the first such occurrence since August. geocities.com The exchange needn't continue at this pace (and won't) to mark a reversal...a simple building block move of higher bottoms and tops is what we shold look (hope) for. It's facing some resistance here and more at 640. I'm including a link showing a "bull flag" pattern as well with regards to the above chart pattern. There can always be disagreement as to whether certain patterns fit the bill, due to the duration of moves, volume etc. Nevertheless this was an important week. chartpatterns.com All the major indices looked good but some needed help more than others...the Russell 2000 appears much improved as well...

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