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Strategies & Market Trends : Moufassa's Lair
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To: Baton who wrote (408)10/11/2001 9:18:37 AM
From: moufassa7  Read Replies (1) of 13660
 
A bullish possibility. The NAZ chart now is strikingly similar to the week of 4/10/01. A tight pennant formation which followed an oversold bottom. If you look at what happened when it broke through it's formation on 4/17, the NAZ gained 150 points that day and gained nearly another 100 NAZ points within the next 2 days. I am not saying it will happen again, but having this knowledge, I would not want to miss out if it did.
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