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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who started this subject9/22/2000 3:35:36 AM
From: TraderMERL  Read Replies (1) of 100058
 
BTW FCEL seems to be following a classic Bump and Run Reversal Pattern.
1. Lead-in phase 30-45% angle
2. Bump phase angle 50% or higher than lead in phase
3. Volume increase as speculation increase
4. Distance from peak of the Bump phase to lead-in support trend-line = 2x distance from peak of lead-in phase to lead-in support trend-line
5. Approach to lead-in support trend-line which I suspect will happen over next few weeks. Opinions appreciated
Another stock that did this was KCA on the Toronto stock exchange
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