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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (60810)12/4/2002 1:39:41 PM
From: NOW  Read Replies (1) of 209892
 
can someone explain consolidation theory to me in a sentence or less? sorry for the ignorance.
this from ed downs:
"The downside break implies a continued move lower to a target of 8,660, as estimated using consolidation theory. "
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