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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (4586)	2/3/2005 11:23:46 PM
From: Walkingshadow	Read Replies (1) of 8752

Reid, look also at each of the previous stochastic crossovers to the downside in December and January, also after the big move up in November. The pattern indeed repeats: bullish white candle, followed immediately or very shortly thereafter with a bearish stochastic crossover and correction. 139.142.147.218 Note also the predominance of wicks ABOVE rather than below the real bodies over the last several months. There is persistent distribution whenever LMIA moves up significantly. This is very likely to recur here IMHO. Based on the chart patterns and current technicals, the fact that LMIA is really in a trading range rather than a strong uptrend, and the current moderately bearish market climate, LMIA represents a pretty good short here. T

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