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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: eabDad who wrote (23552)11/28/1998 1:21:00 AM
From: Doug R  Read Replies (1) of 79270
 
Z,

Now that INFR has made a move over 6 5/8 and also broken over the IL, what I expect is a pullback and base. The pullback will likely be a return to around 6. The base will form a symmetrical or ascending triangle and get very tight around 7 1/2 in a couple months or less. There's now a very, very key trend line established. How INFR behaves in relation to it will be the critical element for the intermediate term.

Doug R
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