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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: bobby beara who wrote (7208)	3/2/1999 1:07:00 AM
From: Wildstar	Read Replies (1) of 99985

Bobby, Nice chart on SCH. I have a question on it though. It seems that between points 3 and 4 on that chart, that formation could also be called a rising wedge if the lines were drawn just a bit different. I have no experience with chart formations and I am just curious why the current rising wedge is bearish but the formation between points 3 and 4 was bullish (the stock took off afterwards). I hope you are right because I got some puts on SCH. Thanks in advance.

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