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Strategies & Market Trends : TA setups-ex th traders

DIA 462.58

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Nov 21 4:00 PM EST

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To: Galirayo who wrote (6697)	5/14/2005 12:57:41 PM
From: cthruu	Read Replies (1) of 7682

YHOO gap you pointed out could be a continuation gap - not a breakaway or exhaustion gap. However since there has not been a follow through, it is meaningless in my opinion. I see YHOO as meandering and forming a small flag inside a big symmetrical triangle, stuck between the trendline resistance and 50/200 MA support. YHOO's large float after umpteen splits makes it a behemoth, unable to make rapid moves one way or other. ttrader.com\'s%20charts&id=879&d=2 Until it breaks one way or the other the direction is not clear. BOP and money stream are in the middle, so is TSV. Other indicators are of no value at this time. I was posting the big dome back in December/January which has formed a large head of almost one-year head and shoulder pattern. Back in around February I thought YHOO will make a nice shoulder around 34.50 - now that the shoulder is going sideways, the direction is not clear. If you must, you may want to straddle this sucker. No directional trade here IMHO :)

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