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Strategies & Market Trends : Predictions + Projections

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To: MechanicalMethod who wrote (25)	2/1/2002 12:24:26 AM
From: MechanicalMethod	of 26

State the obvious, reduce to simple terms, get to the essence. projected MAE = anticipated demand line = support projected MFE = anticipated supply line = resistance projected minAE = minimum anticipated target = support projected minFE = minimum anticipated target = resistance Slope dir of projection determines what should be weighted. Price location within bands determines whether to add or take profits. If trend is down: support is weak = often exceeded resistance is strong = often not met If trend is up: resistance is weak = often exceeded support is strong = often not met

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