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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (54965)8/3/2019 2:25:05 AM
From: Doug R  Read Replies (1) of 79230
 
So we see what happened at the low of the busted dot-com bubble.
The trigger line cleared and the next top marked the onset of the "credit crisis".
So the trigger line was pivotal in both the run up of the (historically significant) dot-com bubble (1, 2, 3, 4)), the top, and the timing of the bottom on the other side.
Every break above the trigger line brought the next leg up until the 233, 34, 13 sto was no longer supportive.

Then the market didn't start to recover until after the trigger line cleared.
When the trigger line did clear, the 3 mRSI went on to its next past. A 3 month long paste...and the next new alltime high was born and set up by Neg Div to die.


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