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Strategies & Market Trends : Technical Analysis - Beginners

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To: INFO_DART who wrote (8606)	9/12/1998 8:16:00 PM
From: Richard Estes	Read Replies (1) of 12039

The wave count has changed from a 3 down to an ABC type in Advanced GET. This is a sign of a stock in flux. Weekly, monthly charts reflect a downward bias. It saw resistance at the 44.5 level, if it got pass that; next would be 46.5 using ellipses. 89 EMA with an 8 lead is at 42 area now. If that level is reached you also cross below an 8EMA with a 7 lead. this rally was stopped at the .62 level from the high. What do you see in this stock and why?

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