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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chris who wrote (11798)	4/2/2001 2:33:44 AM
From: Michael Watkins	of 12039

ottographs.com If I was trading off the daily chart I'd be holding fire on MO. It does look toppy in this upswing nonetheless. Had it made just three or four up bars on declining volume, I'd be ready to go with a sell short under each up bar on a 'stealth' (still above a recent low) bear flag. First target would be the test of the recent lows, and then... But its taken more time. After four bars I'm not inclined to sell a simple break of a trendline on a wedge, at least not without tight stops and monitoring.

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