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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (12319)12/26/1997 11:38:00 PM
From: Investor2  Read Replies (1) of 94695
 
Thanks GZ and James McGowan for the chart lesson. I definitely do see the formations to which you are referring.

Now, why would a decending pennant, slightly narrowing, after a market selloff, be generally bullish? Is the stock usually oversold when this formation occurs?

Thanks,

I2
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