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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:
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To: bruwin who wrote (1789)4/8/2013 1:29:10 PM
From: The Ox  Read Replies (1) of 8255
 
Let me add that GOOG is now back down to it's previous peak, which was in the low 770s. This can be an area where the stock turns back around. I had an alert set in my trading system for if/when GOOG came back down into these prices.

Now it's time to watch for the pattern to change. No problem if it doesn't. The reversal watch process can be slow and uneventful.

Gold stocks have been in a steady downtrend for a while. Some look to be basing but as a group they haven't shown enough for me to be bullish. However, they are at a stage where a reversal shouldn't be discounted, IMO. They should be watched for clear trend changes.

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