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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: ftian who wrote (38763)8/8/2002 6:28:31 AM
From: dennis michael patterson  Read Replies (2) of 52237
 
Hahn-

Let's work with the intraday volatility of the $INDU 60 minute chart. Two intraday waves
(very clear on the 15 minute chart) created minor fibonacci time targets due Thursday,
8/08/02. The first wave projects to 1:15 and the second wave projects to 2:30. This is in
addition to a previous time wave due at at 1:30. The rule is that, at a fib time target, expect a
reversal of the current move. I'd be concerned if the market is high into that time cluster. If
it's low, look for higher high's on Friday.
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