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Strategies & Market Trends : Classic TA Workplace
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To: 2MAR$ who wrote (139795)12/30/2006 9:10:42 PM
From: Henry J Costanzo  Read Replies (2) of 209892
 
Hi, 2M..good to see you...and a Happy New year..

You know, of course, our approach and trading styles very different..

I continue to stick with my last voodoo view...AKAM triangle breakout early Dec implies a measured move to at least 59. Action since the recent high backtesting the breakout line...a normal move... and also appears to be forming a bullish flag/pennant...with the requisite fall-off in volume...which would, on breakout, confirm the 59 target.

Re the "D-top" you mention, I look for those only on daily charts, with an intervening drop of some 20%..

As I said...very different approach...but hey, more power to you in dealing with those 60 min D-tops, 2M..I'm not nearly that nimble..LOL.

Continued good trading!
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