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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Haim R. Branisteanu who wrote (16409)8/22/2001 8:49:30 PM
From: donald sew  Read Replies (1) of 52237
 
Haim,

Without using the USD chart, the EURO chart first struck me as being bearish in light of the big black day, but after looking at it closer I noticed the small bodies/dojis preceding it. Normally a series of dojis, specificly 3 of them(TRISTAR) is a bearish reversal signal; however it first gapped to the upside then sold off forming the big black day. That GAP to the upside is a hint that this may be a consolidation area rather than a short-term top.

Now tie that in with the consolidation period on the USD, and Im suspecting that its just consolidation prior to a resumption in trend.
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