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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote (1322)	12/11/1998 10:14:00 AM
From: HairBall	Read Replies (1) of 99985

donald: The shoulder support area has been penetrated. The H&S pattern is close to being resolved. It needs to head down from here to complete. I use no price targets after chart pattern resolutions, as do others. I use previous chart price action and supporting trend lines to gage support areas. I edited my last post to you. I left off the next support area of the 200 day SMA in the 8700 area. Then, the price action in the area of the previous bull flag at the approximate range of 8600/8400. EDIT: Seems the shoulder area is still supporting... BWDIK Regards, LG

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