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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	7/13/2006 9:43:30 PM
	of 6865

Dow short term bottom coming stockcharts.com Reversal triangles are amazing indicators, they predict reversal points. The blue lines on the chart is suggesting Friday or Monday may mark the bottom at least for a short term. Reversal triangle mark reversals but you never know which kind of a reversal. It would suspect that this may be a short term bottom likely to last for a while, possible a few weeks before the downtrend continues. The red forks as suggesting a trip to 10700 and a test of the old low, when price touches the center pitch fork the ground work may be layed for the reversal.

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