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Strategies & Market Trends : The New Bull Market.
RMBS 99.13+1.1%2:30 PM EST

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To: Chip McVickar who wrote (664)6/13/2002 3:56:14 PM
From: GROUND ZERO™  Read Replies (1) of 1750
 
The 60 min chart broke the up spiral so quickly and we also have three day sell wiggles everywhere... the only problem with this wiggle is that it's occurring at the lows of a trading range... but still, the new down spiral is now in place if we close weak... therefore, we could easily see the trend resume lower after today... we'll see... today also represents the second day of a buy wiggle, but since better than 85% of two day developing patterns fail, the odds here are that we'll trade into new lows.....

GZ
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