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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Paul Shread who wrote (27573)8/14/2000 9:09:32 AM
From: donald sew  Read Replies (1) of 42787
 
Paul,

Agree that a possible BEAR FLAG is developing on the NAZ. The upper and lower trendline of that FLAG you mentioned only has 2 touches, I prefer 3 - but that doesnt mean that its not valid.

Talking about FLAGs, if the DOW pulls back from here it may be forming a larger FLAG. The SPX is also another possible BEARISH FLAG. And the NAZ is a possible BEARISH WEDGE. Those formation has their beginnings in MAY, so they are substantially larger
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