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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: dennis michael patterson who wrote (31131)9/26/2000 9:14:05 PM
From: bobby beara  Read Replies (1) of 42787
 
dennis, a while back i brought up the either or proposition of the nyse chart being a basing pattern or a rising wedge topping pattern.

u've got a real nice rising wedge from last november december highs and march lows and after breaking the trendline from march and august lows, we did a little consolidation pattern and have now bounced off that broken trendline.

i believe this is a topping pattern with a series of bull traps and extreme bullish sentiment readings in the march july and september tops, the 1994 scenario, when this is more like the 1990 scenario.

there is a bundle of cash building up in rydex but they are still refusing to buy into the bear funds with GUSTO -g-

b
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