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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: B-MAN who wrote (485)7/24/1997 1:55:00 PM
From: Doug R   of 79312
 
B-MAN,

I have a great respect (fear is more like it) for the impossible line.

If the price stops at it, I call that recognition of the IL. If the price goes right through it you have nothing to worry about. Recognition of the IL usually results in a very swift and nasty reaction to the downside.

Doug R
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