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Strategies & Market Trends : Classic TA Workplace
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To: Jack of All Trades who wrote (59587)11/15/2002 12:15:34 PM
From: Shack  Read Replies (1) of 209892
 
Hmmm, doesn't the more likely scenario have the Oct 8-15 ramp as an 'A' up, then the Jell-O into Nov 12 low is a 'B' now we have a 'C' in progress? I presume your abcde is a triangle but it is not contracting.

Its also on the verge of a pretty big bullish hound in that the triangle (one that does contract) it was in since Oct 16, broke down on the 11th but reversed back up hard and is now threatening the top line. That could be a real nice move actually should we continue up here.
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