Swing Trading Set-Ups using the Methods of Alan Farley and L Message Board

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Strategies & Market Trends : Swing Trading Set-Ups using the Methods of Alan Farley and L

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From: Wizard	3/1/2006 10:27:24 AM
	of 14

Corning (GLW) is showing a mature congestion pattern (triangle) which is signaling a good reward-risk situation. It has been moving sideways for 6 weeks and appears to me to be coiling for a potential launch up to challenge $30. Shorter-term, it shows rising trend-line support at ~$24.20 (bottom of triangle).... I bought it this morning as the risk looks like a whipsaw back down to $24 with considerable upside given the bullish accumulation the stock is showing... stockcharts.com[h,a]daclyiay[dc][pb50!b20!f][vc60][iut!Lg]&pref=G

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