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Strategies & Market Trends : The Options Box

QQQ 596.31

-1.2%

Nov 18 4:00 PM EST

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To: Lost to Voodoo who wrote (6995)	11/10/2000 7:59:31 PM
From: Don Pueblo	Read Replies (3) of 10876

Descending triangle is different, it is actually considered a bullish signal by many chartists. The key to this pennant pattern is the flat bottom. 2300 on the COMP would be possible using a pure TA perspective, but as I said, I seriously doubt that. Bottlerocket is right, we could bounce up here. But chances are... If the chart could form a clean bottom formation of some kind, I'd be much happier. Right now does not look too good. I searched the 'net for Poet for a picture of that pattern and found this page. I just read the whole thing and the dood is pretty sharp. He has most of the traditional patterns illustrated here. sharenet.co.za

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