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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (51591)8/28/2002 4:04:33 PM
From: AllansAlias  Read Replies (1) of 209892
 
Well, we don't yet know it will build a triangle, but it's a good candidate on the daily. The coil belongs with the preceding up move, not the larger down move. It is not coiling off the lows, it would be coiling off this recent high.
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