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Strategies & Market Trends : Ask DrBob
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To: stan_hughes who wrote (33260)5/10/2001 3:22:35 PM
From: iowamann, Spam Queen  Read Replies (1) of 100058
 
Stan, all I'm saying I was surprised to see a TA person put a limit bid order on a stock still going down.

Yes, the trend is clearly down.

And it may continue downward significantly below 7. Which seems similar to the cliche "trying to catch a falling knife."

I know that conservative TA types wait to buy until the upward trend line is established.

Also, I may have missed something in the translation here and may be using fuzzy charting.

If so my apologies and disreguard all of my comments.
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