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Strategies & Market Trends : Point and Figure Charting

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To: wizzards wine who wrote (651)2/13/1998 5:37:00 PM
From: Ms. X  Read Replies (3) of 34816
 
Hey Preston,
This looks like the start of a bear trap. After a buy signal it reverses down to give a sell signal and then reverses up to another buy signal. We shall know soon.
Often times the first sell signal in an uptrend is false (hence the trap).

Hold.

Jan
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