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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: Jay Baca who wrote ()6/17/1997 11:37:00 AM
From: HeyRainier   of 257
 
Trend following is a good approach, and as an extension of that I've
started the following to help pick tops and/or bottoms as entry/exit
points:

exchange2000.com

It's called "Support/Resistance Levels: Trading Strategies." Its existence
is largely unknown, so I'm asking all the chart readers of this thread
to keep an eye on some stocks you're following, and should some of them
meet major support/resistance points, to participate and submit your ideas.

An example as of today that would fit perfectly is Periphonics(PERI). It
closed strong above its trading range yesterday, and is up 1+ the last
time I checked. It's been trying to fight through that resistance for quite
some time now, and yesterday's action showed sharp chart readers that it
was going to continue today.

All comments welcome.

Regards,

Rainier Trinidad
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