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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (50959)8/22/2002 10:06:28 AM
From: AllansAlias  Read Replies (2) of 209892
 
My fear is that there are still so many bears trying to catch the top, even for a wee swing down. It just hasn't happened. When I see that sort of cycle repeat itself enough, I begin to think that we won't swing down until the bears just give the f*ck up. Abstractly, I view it as line of least resistance, or more precisely, where price can go to get the most immediate traction. It remains on the side of chasing the shorts.
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