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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (2250)3/7/2001 9:32:09 PM
From: Michael Watkins  Read Replies (2) of 52237
 
On the weekly chart the perspective is easier to see, isn't it?

If I had to guess, I expect the weekly bar to be broken on the upside first, possibly price moves above the neckline and then... clunk.

That would trap new money, freak out the hangers on, basically set the stage for hitting the targets on that chart.

But it could clunk tomorrow too. Its nice not to be married to a particular scenario.
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