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Strategies & Market Trends : Let's Talk Technical Analyisis (TA)

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To: MechanicalMethod who wrote (61)	11/25/2001 12:34:19 AM
From: OZ	Read Replies (1) of 178

Or the LBR definition and explanation is also very good but she calls it a turtle soup instead of a 2b. The turtles's used to buy such a "breakout" but became soup when it failed. I guess she could have called it Dunnigan Stew since some of his strategies have one buying (selling) when a penetration of a previous top (bottom) is made, which for me seems a bit of a chase and risky compared to entering on a reversal bar with a sell stop (buy stop) placed just below (above) it to limit losses. Oz

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