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Strategies & Market Trends : Chart Formations

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To: James Strauss who wrote (291)2/15/2000 6:38:00 PM
From: Casaubon  Read Replies (2) of 967
 
entered IFLO today @ 4 1/8. The stock put in a William O'Niell cup and handle.

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the weekly RSI bottomed out and turned back up. the fast stochastics crossed over the slow stoch from a very low level.

On the daily chart you can see a DMI crossover indicating a change to positive trend.

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The volume was massive (for this stock) and from these levels can be interpreted as accumulation. The candle for the day was a very nice long belt hold (on great volume).
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