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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: velociraptor_ who wrote (2369)3/8/2001 9:01:51 PM
From: Paul Shread  Read Replies (1) of 52237
 
Would have been much cleaner had we gapped below 2200 and never gone back near that level. As is, there's no clear "open water." The mid-February pattern was perfect. This one gave traders a chance to get off on the island without being stranded. Should be a better one tomorrow, but all the bodies of the candlesticks will still overlap.

Not sure if the distinction matters anyway; the broken bear flag, if it was one, gives the COMPX downside potential to about 1950 on this move:

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