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Non-Tech : Raptor's Den
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To: velociraptor_ who started this subject8/15/2002 8:24:37 PM
From: mish5000  Read Replies (5) of 10157
 
A number of weeks ago, I posted that during the Sept bottom I saw a large number of ascending wedge patterns succeed.

So far, I am noticing similar patterns to be shaping up. My best guess is that an interim bottom has been put in, and although we are due a more substantial pullback in the next few days (at least 1320, or even 1300) - my bias is currently more to the bullish side for a rally to a possible 1400, 1425, 1450, 1480 then 1500 distributive top Target.

If this plays out: we should make a spike low imminently - i.e. sell off hard - followed by sharp and intense buying to resume the current minor uptrend, which should result in some kind of hammer looking candle.... Then we should be stuck in an incredibly tight range for 3-5 days and follow through with another sharp burst to the upside.
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