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Strategies & Market Trends : Ask DrBob

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To: Tom Swift who wrote (84210)	3/4/2004 2:02:51 PM
From: FLACK	Read Replies (3) of 100058

Tom Swift Re: RMBS chart with slant lines Well... I tilted my head as instructed and studied the chart... What I still saw was too many lines... what I got was a stiff neck. There are a couple of lines that only touch one price point that you could say was a pivot or turning point. One of those lines is recent and has no connection to any previous price points. I suppose the theory is to continue that line into the future with the hope that it will collide with another pivot or turning point... maybe. Are there any downward slant lines or do they only go up... or is that just a function of the market? And when would you know to start drawing downward lines? I'm sorry, I'm not getting this yet... but please keep me posted... I've been known to be a little slow on the uptake.

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