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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (33986)	3/12/2002 11:36:46 AM
From: skinowski	Read Replies (1) of 209892

The triangle consolidation theory on the 15 min chart of the DOW is interesting. I will watch the 10500 level. Fwiw, a couple of thoughts on swing-size entries here... I thought that NDX was going to rally more and was going to short the 1600 (and above) area. Message 17183753 It didn't rally, so the deal is off. at this point I'd wait for a retracement into +/- 1450 area to go long, with a stop below 1425 (top of the first wave of the rally). If that doesn't happen, will have to wait for another meaningful pattern to come about. I prefer not to use stops larger than one point on the QQQ's.

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