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Politics : Idea Of The Day
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To: Kona who wrote (19886)9/3/1998 1:47:00 PM
From: Lee  Read Replies (1) of 50167
 
Hi Kona,..Re:can you explain what a coil is ?

Like a coiled spring or a compressed torsion spring. It physically implies storage of energy and sometimes when price action exhibits this configuration, we get a big move either up or down.

Hope that helps. If you need a picture, let me know and I'll post it.

Regards,

Lee
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