Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: energyplay who wrote (82)	10/20/2004 6:56:19 PM
From: chowder	Read Replies (1) of 13449

EP, NSC showed a bearish engulfing pattern yesterday indicating a pull back. I was hoping for a 3-5 day reversal set up, which would have set up a nice buying opportunity. However, NSC came down to touch the lower momentum band and ended up with a high wave candle pattern today indicating indecision on the part of the bulls and bears. I have conflicting signals between relative strength and rate of change. If NSC can pull back slowly over the next day or two, the chart may set up for a nice buying opportunity on a strong uptrending stock. stockcharts.com[h,a]daclyiay[pd10,1!b200!f][vc60][iut!Lb2!Lm4]&pref=G dabum

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