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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (31209)3/1/2002 10:48:53 PM
From: ajtj99  Read Replies (1) of 52237
 
Brooke, if you look at the VXN chart you can see a clear downtrend channel on the VXN with the current boundries between 40 and 48.

For the lower line, connect the early Nov. pivot low to the early Dec. pivot low. For the upper line, connect the end of Sept. pivot low to the end of October pivot low.

I think that gives us a better idea of where the VXN is headed. Right now, I believe this channel says it wants 40 real bad.
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