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Strategies & Market Trends : Technical Analysis - Beginners

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To: The Perfect Hedge who wrote (7787)	1/15/1998 3:48:00 AM
From: Richard Estes	Read Replies (5) of 12039

Price. I assume the stock is trending down. The earliest turnaround with a lot of risk means you need 2 up days with higher highs and higher lows. I assume it is not basing, you want to jump on at the bottom, at least two up days in price are needed to validate a turn. Forget indicator for now. Have you paid attention to it before? are you in this stock or want to get in. Nothing I say has to do with trading options, only the price of stock. yes EVI did it last two days, but alot of resistance at 48. Could be point for pullback. That 23 might take time. Who knows. Why doesn't everyone look at EVI and give your predictions?

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