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Strategies & Market Trends : The Rational Analyst

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To: The Perfect Hedge who wrote (436)	3/6/1998 2:33:00 AM
From: HeyRainier	Read Replies (2) of 1720

[ CKR and LCOS ] CKR is at a critical point right now. It needs to pivot and move up at this point, or the pattern experiences a failure and could collapse. As for LCOS, I can see where the Ascending Triangle reference can be made; traders are all over the trendline support levels, and are still continuing to bid this up. I would say the pattern warrants attention; the best way to play these is to set buy-stop orders above the breakout level, but with the negative market sentiment, such a move could backfire should the price action immediately reverse, which would cause what's called a Failed Signal (more specifically, a Bull Trap for this scenario). Trade carefully. Regards, Rainier

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