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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Compadre who wrote (44532)5/5/2003 10:46:56 PM
From: Jorj X Mckie  Read Replies (1) of 52237
 
I believe that the patterns have enough similaraties to merit calling it a legitimate comparison. I consider a 20% rally to be a decent rally, BTW. However, I am looking at the pattern more as I would a fractal, where the structure is what is important, not the magnitude. I believe that the similarities in the MACD and RSI help to reinforce the comparison. What it suggests to me is that it is legitimate to continue looking at the current SPX pattern as a bearish setup and not necessarily the start of a new bull market.
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