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Strategies & Market Trends : The Rational Analyst

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To: Galirayo who wrote (223)	1/17/1998 5:18:00 AM
From: HeyRainier	Read Replies (1) of 1720

[ SFN and RADAF ] Hi Ray, It looks like you've outdone yourself with SFN. Even I might consider nibbling at these levels. We've got the conditions set up for the 8 to 10 NPL, (which is roughly equivalent to Sakata's Methods, and Tom DeMark's Nine Count). It's also at the bottom end of a longer term trading channel spanning a year and a half. That's just TA though. I'm afraid I have to brush up on my Mexican economics to find out the financial situation taking place there for the full FA/TA balance. I'm also concerned that it has fallen out of the trading channel. I would have to wait for a close approximately above 1.5 to make the Bear Trap confirmation. Upside target potential of 2.5; that makes for quite a favorable risk/reward ratio if one puts a tight stop below 1.375. All we need now is a Hammer or an Inverted Hammer to complete the picture... BTW, did you see that nine day snapback on RADAF? Rainier

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