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Pastimes : Trading the markets.....

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To: Moominoid who wrote (2642)	1/15/2001 8:10:05 AM
From: robert b furman	Read Replies (1) of 4583

Hi David, Your work on global warming is very interesting. Cup and handle patterns can occur over days, weeks, months, and years. They occur quite often and can be quite reliable.The price action and volume of the handle is a good indicator of the price rise potential.The handle should quietly drift down on diminishing volume.This indicates only a few nervous sellers at or near a new high. If true that sets up a breakout where all owners are in the money and happy to hold.This is much stronger than a stock that has to fight overhead resistance(selling pressure from buyers at a higher price who want out at a breakeven point). Bob

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