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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Henry J Costanzo who wrote (3418)3/19/2001 5:09:31 PM
From: Paul Shread   of 52237
 
A move above 1800 NDX by the end of the day tomorrow would negate that bear flag that broke last week:

cache.wsrn.com

The lack of a strong sell-off (so far) following that break is one more argument in favor of a trend exhaustion here. It still has about one more day to play out, though...

Interesting that it was less of a sharp reaction rally than other flags/pennants that formed on the way down. Not quite sure what that means, though ... except that it's easier to negate. ;-)
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